## Charity Reg Number: 1101926 (England & Wales)
TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE
PERIOD FROM 01 APRIL 2022 TO 31 MARCH 2023
## FOR
GATWICK BANGLADESHI ISLAMIC COMMUNITY ASSOCIATION (1101926)
GATWICK BANGLADESHI ISLAMIC COMMUNITY ASSOCIATION (1101926) Gatwick Islamic Centre, 53 High Street, Horley, Surrey, RH6 7BN, Tel: 01293 782 176, Charity Registration No: 1101926, HMRC Gift Aid Number: XR80003, www.qbica.orq, E:Mail info@gbica.org
0
GATWICK BANGLADESHI ISLAMIC COMMUNITY ASSOCIATION (1101926)
INDEX TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
||Page|
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|CompanyInformation|.....2|
|Reportof theTRUSTEES........|..................3-8|
|ReportoftheAccountants.......|.9|
|Profitand LossAccount..|.10|
|BalanceSheet......|.11|
|NotestotheFinancial Statements.....|.12-15|
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## GATWICK BANGLADESHI ISLAMIC COMMUNITY ASSOCIATION (1101926) CHARITY GENERAL INFORMATION FOR THE YEAR ENDED 31 MARCH 2023
PRESIDENT TREASURER Abul Kalam Azad Suton SECRATARY TRUSTEE Muhib Miah TRUSTEE TRUSTEE Muhammad Moynul Islam TRUSTEE Yousuf Ali Ashraf Talukder REGISTERED OFFICE: Moslandar Ali Faruk Miah 51 - 53 High Street Horley Surrey CHARITY NUMBER: RH6 7BN ACCOUNTANTS: 1101926 Choice Accountancy S4 Greenfield Road 2nd Floor, London BANKERS: E1 1EJ BARCLAYS BANK SOLICITORS: Horley, Surrey Widings Solicitors 862 - 864 Wash wood Heath Road Ward End Birmingham B8 2NG
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## **With respect[to ][the ][Statement, ][please ][note ][that ][due ][to ][the ][nature ][of ][the ] Organization**
**(Islamic[Centre) and ][its ][Activities ][(Religious ][Activities),] statement will in the below majority of the times will remain static without any[changes.]**
## A): **GOVERNING DOCUMENTS & CONSTITUTION**
Gatwick Bangladeshi[Islamic ][Community ][and ][Association ][(GBICA) ][is ][first ][and] foremost[an] Islamic Establishment which focuses on the needs; aspirations; developments;[educations ] (religious and academics) and integration of the Muslim Communities. GBICA is[registered] charity (No 1101926). GBICA is governed by the Constitutions dated December 2019.
## **B) : APPOINTMENT OF TRUSTEES**
Under the Constitution, the Trustees will remain in the post for the Term of Five Years. Six weeks before the Election, the Trustee shall resign from the post and will be replaced by the “Board of Election Commission”. The BEC will be tasked with overseeing the Election of the New Trustee. Upon appointment of the Trustees, the BEC will resign immediately. The Trustees who resign prior to election are eligible stand for the post subject to satisfying the Terms and Conditions of Constitutions. The next election is scheduled for April 2024. Anyone wishing to stand for the position of the Trustees or Members must satisfy the selection criteria as set out in the Constitutions.
## C) : MAIN **OBJECTIVES &**
## **ACTIVITIES (I): OBJECTIVES**
To develop and advance The Religion of Islam for the Benefit of the Muslim Community which is based on the Noble Qur'an Sharif and the Sunnah Mubarak of the Prophet Muhammadur Rasulullah Sallel Lahu Alahi Wa Sallam. The Masjid has been exclusively established for the worship (in its all-comprehensive sense) of Allah Subhanahu Wa Ta'ala. It will be achieved by providing the Daily Five Obligatory prayers in Jama'ah (congregation), Salatul Jummah, Two Eid, and other forms of prayers and lbadaat as outlined in the Holy Qur'an Sharif, and the Sunnah Mubarak of the Holy Prophet Muhammad Sallel Lahu Alahi Wa Sallam.
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## **(II) : ACTIVITIES**
The daily rituals Prayers (S Daily Prayers).
Jumu'ah Prayer-[providing ][sermon ][(weekly ][guidance ][given ][by ][Imam) ][in ][3 ][different ] languages i.e. Bengali, English and Arabic.
Essence[of ][Hadith/Qur’an ][Sharif ][every ][day ][10 ][Minutes ][before ][Magrib ][Salah.]
A Monthly Siraah[Mahfil ][for ][the ][Sisters, ][Every ][month ][Last ][Sunday ][after ][Salatul ] A'sr.[(Subject ][to ] BST)
Weekly[Halaqah-][Young][People][Gathering, ][every][Saturday ][(Subject][to][BST)] Normally[Maghrib- ] Isha.
Above all, the main focal of the activity is “The Structured Children Islamic Classes” which is run on Friday Saturday and Sunday. The classes have over 60 students attending; this is divided into 4 groups taught by 4 qualified Teachers.
## **(III) : ISLAMIC CLASSES**
Group l- Al-Qur’an ul Kareem Advance- Consist of 15 Children which is taught by the Head Imam;
Group 2- Al Qur'an al Kareem Beginners -Consist of 13 Children which is taught by Assistant Teacher Qari M.H.Begh and Qari Masoom Islam
Group 3- Juz A'mma- Consist of 13 Children which is taught by Teacher and weekend support Teacher
Group 4- Qa'idah-consist of 21 Children which is taught by Teacher F. Ahmed and two Volunteers
## **(IV) : ASSISTANT FEMALE TEACHER**
GBICA have hired two part-time female teachers. They will provide teaching support during Saturday and Sunday only. The recruitment is voluntary and will provide GBICA with balanced teaching and address the equality side. Their focus is to support Group 4 which mainly consist of children of both mixes starting from the age 4.5 and upwards.
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## **(V) : ISLAMIt CLASS FEES**
Each child is[charged ][a ][monthly ][fee ][of ][£30.00. ][The ][fees ][are ][invoiced monthly ][and ] in arrears. Discounts and fee free attendances are applied at the sole discretion of the Trustees[of ][GBICA]
and the Head Imam
## **(VI) : ISLAMIC EVENTS**
Weekly[Dhikr ][& ][Dua- ][Every ][Thursday ][night, ][12am-1:30am, ][an ][excellent ][way ] spend blessed Friday night, SubhanAllah Imrna's gives dars from the Qur'an and Hadith followed by[Dhikr ][and]
Dua.
Milad-e-Mustofa Sallel Lahu A'lahi wa sallam every two months after Salatul
Jumua'h. Siraah Mahfil for the sisters, every month last Saturday after
Salatul A'sr. (Subject to BST)
Observing Islamic events e.g. - Ramadan-ul Mubarak; Miladunnabi (SAWS), Lailatul Mi'raj, Lailatul Barat, Lailatul Qadr and Ashura etc.
Darul Qirat Majidiah Fultoi Trust- One-month special Tajweed course, every year during Ramadhan or an arranged date with parents.
After School Playtime, Every Friday. (Summer- Football, Cricket & Winter- Table Tennis, Darts etc.)
Annual Presentation Day- Celebrating student's achievements, attainments etc.
Annual sports day- an arranged date with students, parents and the teachers: Normally in June.
## **D) : MAIN ACHIEVEMENTS**
## **(I) : MISSION AND STATEMENTS**
To develop and advance The Religion of Islam for the Benefit of the Muslim Community which is based upon the Noble Qur'an Sharif and the Sunnah Mubarak of Prophet Muhammadur Rasulullah Sallel Lahu Alahi Wa Sallam.
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The Masjid has been exclusively established for the worship (in its allcomprehensive sense) of Allah Subhanahu Wa Ta'ala. It will be achieved by providing the Five Daily Obligatory Prayers in Jama'ah (congregation), Salatul Jummah, Taraweeh (Ramadan), Eid, and other forms of Prayers and Ibadaat as outlined in the Holy Qur'an Sharif, and the Sunnah Mubarak of the Holy Prophet Muhammad Sallel Lahu Alahi Wa Sallam. To revive and revitalize the institution of Masjid for the Muslim Community for all Islamic Activities to the best of our ability. To help in organising the Muslims of GBICA and the surrounding communities, to establish Islam as a complete way of life in their individual and collective lives as taught and practiced by the Holy Prophet Muhammad Sallel Lahu A'laihi Wa Sallam. “This day 1 have perfected for you your religion and completed My favour upon you and have approved for you Islam as religion" (Surah Al Ma'idah No 5/2).
To foster better relations with the wider community including non-Muslims, raise awareness of Islam as a religion, remove any misunderstanding and promote inter-racial understanding through multi-cultural and religious activities, thus allowing GBICA to promote and teach the Islamic way of life. To meet the religious, welfare and educational needs of the local communities, including young people, women, elderly and disabled people within the GBICA through the provision of appropriate services and activities. It shall invite alI that is good, enjoin what is right and forbid what is wrong according to the Noble Qur'an Sharif and Sunnah
Mubarak of the Holy Prophet Muhammad Sallel Lahu Alahi Wa Sallam.
- A. To focus on the needs of the Muslim Community while ensuring that services are open to[other ][faiths.]
- B. B. To meet the social, welfare and educational needs of the local communities, including[young ][people, ][women, ][older ][and ][disabled ][people] within the GBICA through the provision of appropriate services and activities.
- C.[To ][become ] a center for local communities to access holistic support from health advice[and ][youth ][activities ][to ][training ][and ][education.]
- D. To promote inter-racial understanding through multicultural and religious activities,[events ][and ][festival ][celebrations ][thus ][allowing GBICA ][to ][promote] and teach Islamic way of life.
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## **(II) : HISTORICAL**
Brothers and Sisters[of ][Horley, ][Redhill, Merstham, ][Lingfield ][and ][East ][Grinstead] met[up ][in ][August ] 2000 and created the “Gatwick Bangladeshi Islamic Community Association[(GBICA), ][thereafter]
known as the "Stakeholder”.
The purpose[of ][GBICA ][was ][to ][create ][an ][Islamic ][Community Centre, ][with ][the] Mosque[being ][the ] main Centre Point.
In September[2002, ][the ][GBICA ][became ][a ][registered ][charity ][with ][the ][Charities] commission for England and Wales (1101926).
Between[2000 ][and ][2010, ][GBICA ][offered ][limited ][services ][to ][its ][Brothers ][and] Sisters[namely; ] Friday Jumah Salah, weekend Children Islamic Classes, Ramadan Activities and observing[the ] lslamic dates and events etc.
## **(III): CURRENT**
Alhamdulillah, in September 2010 GBICA's purchased a Building (51-53 High Street, Horley, Surrey) in order to create and Islamic Centre/Masjid for the members of Stakeholders, this was only possible through the generous contribution from the Muslim Communities across the Country. The Masjid can currently hold 300 peoples for the Friday Congregation but has a capacity of approximately 500; we are currently facilitating all range of people by offering activities such as: 1. The daily rituals Prayers. 2. Jumu'ah Prayer- providing sermon (weekly guidance given by Imam) in 3different languages e.g. Bangali, English and Arabic. 3. Essence of Hadith/Qur’an for the Brothers every day before Magrib Salah. 4. A Monthly Siraah Mahfil for the Sisters, Every month Last Sunday after Salatul A'sr.( Subject to BST) 5. Young people awareness "AlHilfu1 Fudhul" every Saturday after Salahtul Zuhor. 6. Above all the main focal activity is “The Children Islamic Classes” which has over 60 students attending the classes; this is divided into 3 groups taught by 3 Imams.
The classes provide a safe, supportive and nurturing learning environment. GBICA provides its students with a unique learning experience. This experience includes instruction in innovative standard-based Islamic studies and learning the Qur'an with Tajweed. The students receive all of the tools they need for learning Qur'an, as well as gain an understanding of the peaceful and moral perspective that is promoted through Islamic teachings.
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Our Imams/Teachers are highly experienced, trained, qualified and CRB checked, The Head Imam is obtaining certificates in First Aid, Food Hygiene, Manual handling, safe guarding
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children and[vulnerable ][adult ][also ][in ][Safety ][at ][work ][place. ][In ][particular ][both] Imams are Qualified as a Maulana (MA in Hadith) also, they are Qari“ taught under the[guidance ][of ][Late renowned ] Scholar “Allama Abdul Latif Choudhury Fultoli” both in UK and[Bangladesh.]
## **E) : RESERVE POLICY**
As this is a[charitable ][organization ][which ][funding ][is ][based ][on ][voluntary] contribution, any shortfall in funding or emergency funding are 100% managed by Trustees[and ][Committee] Members.
## **F) : PRINCIPAL FUND RAISING**
In[November][2013,][GBICA][obtained][an][Interest][Free][Loan][(Compliance][with] Sharia Law) of GBP 168,000.00 from Al-Sada Investment Limited. Upon receipt of the GBP 168,000.00, GBICA repaid the Lloyds Commercial Loan in full. It is a Seven Year (expiring in Dec 2020) and under the terms of the Loan Agreement with Al-Sada, GBICA is making a monthly interest free loan repayment of
£2,000.00. Upon receipt of the payment Al-Sada reimburses GBICA £1,000.00 as expenses with no condition attached to it. The current balance of the Interest Free loan amount as at 31 March 2021 stands at GBP 12,000.00. As a gesture of goodwill to the Association during the difficult COVID period Al-Sada waived / written off the balance of £12,000.00 in its entirety. The Association greatly appreciates the token of goodwill from Al-Sadah. Therefore, the interest free loan was fully repaid ahead of the loan repayment in Nov 2021. Beside Al-Sada, all form of fund raising are based on voluntary contribution from the Muslim Communities (Personal and Business). The other form fund raising is from weekly Friday collection plus Fixed and Subscription (Monthly ST0) donation by Trustees and members, fixed minimum GBP 25.00 and subscription minimum GBP 5.00.
## **G) : RISK MANAGEMENT**
The following Three Principals Trustees are charged with the day-to-day running of GBICA:
- Abul Kalam Azad — President
- Muhammad Moynul Islam — General Secretary
- Muhib Miah — Treasury Secretary
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GBICA has developed a risk management which[involves:]
- a) Monthly and annual review of the performance and finance[of ][GBICA.]
- b) The development of systems and procedure to mitigate risks (i.e.
finance,[health and ] safety) etc ;) any disrepute; and future fund raising.
The Trustees[have ][robust ][policy ][which ][includes ][emergency ][and ][contingency] plans to[minimise ] the impact of funding shortfall. Key elements of the Risk Management is to ensure[close ][control ] of income and expenditure, for e.g. any expenditures over GBP 200.00 has to be approved[by ][the ] Trustees namely the President, General Secretary and Treasury Secretary together.
Measures are in place to keep expenditure both restricted and unrestricted within our income. Monthly bank statement is thoroughly reviewed and scrutinized by the Trustees. Any Trustees or Members that brings GBICA into disrepute or operate outside the scope of the appointments are dealt within the framework as set out in the Constitutions.
## **H) : DECISION MAKING PROCEDURE**
The decision-making process at GBICA solely rests with the Broad of Trustees — lead by the President; General Secretary and the Treasury Secretary. Where required the Board of Trustees will consult and seek majority approval from the Executive Committee Members. This process is clearly defined and document in the Constitution of The Gatwick Bangladeshi Islamic Community Association.
## **I) : PUBLIC REPORTING**
The Trustees of GBICA will display Monthly Income and Expenditure (Restricted and Non- Restricted) in the public notice board. The income and expenditure notices will be in one-month arrears i.e. in line with Bank statements. This will be signed off by two of the three authorized signatories. The Annual Accounts will not be displayed in the public notice board but will be made available upon requests. A notice will be displayed to that affect.
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J)
AUDIT MANAGER
To support the[Three ][Principal ][Trustees ][in ][their ][day-to-day ][function ][in ][relation ][to] the management, reporting and co-ordination of the Financial Statement, GBICA has hired an Audit Manager. His primary job is to liaise with the Accountant and[ensure ][the ][communication ] between the Accountant and GBICA is smooth and up to date so that[the ][annual ][financial ] statements is delivered on time i.e. by 30 September annually. He is also[tasked with ][making] sure that the monthly reconciliation of income and expenditure and uploading[in ] to[excel ][format ] and breaking it[down ][to “Restricted ][and ][Unrestricted” ][income ][category. ][The ][position] of the Audit
Manager is voluntary.
## **K) : FUND RAISING**
No fund[raising ][took pace ][during ][the ][financial ][year ][end 2023. ][Muslim ][Charity ] was carefully chosen by the Trustees of GBICA.
## **L) : RELATED PARTY TRANSACTIONS**
During the financial year no beneficial interest has been paid to the Trustees. The Trustees are fully responsible for their out of pocket expenses.
## M) : Board of Trustees
Abul Kalam Azad Chuta: 2 Martins Mead Felbridge East Grinstead West Sussex e-mail a kasuton@ hotma il.co.uk Yousuf Ali: 82 Radstock Way Merstham Surrey RHl 3NH e-mail: voustifali82@hotmail.com Ashraf Talukder: 70 High Street Lingfield Surrey RH7 6AA e-mail - invoice@taran a.co
Muhammad Moynul Islam: 39 The Meadway Horley Surrey RH6 9AW - e-mail: mm.islam786@hotmail.co.uk
Muhib Miah: 18 Grayswood Horley surrey RH6 9UT - e-mail: miah7862@msn.com Moslandar Ali: 19 Collingwood Close Horley Surrey RH6 9LH - e-mail: kaz mos@hotmail.com Faruk Miah: 173 Malmstone Avenue Merstham Surrey RH1 3JL - e-mail: fartikali2007@outlook.com
## **Trustees Declare that they have approved the trustees' report as abo**
**behalf of the charity's**
**signed on** “
Abul kalam Azad Chuta
Muhib Miah
Mohammed Moynul Islam
## **REPORT OF THE ACCOUNTANTS TO THE TRUSTEES OF GATWICK BANGLADESHI ISLAMlt COMMUNITY ASSOCIATION (1101926) FOR THE YEAR ENDED 31 MARCH 2023**
As described on[the ][balance ][sheet ][you ][are ][responsible ][for ][the ][preparation ][of ][the ][financial ] statement for[the ][year ][en ] 31st March' 2023 set out on pages six to eleven and you consider that the Charity is exempt from an[audit ][under ] section 43 (2) of the Charities Act 1993, that an independent examination is[needed]
It is our responsibility to
Examine the accounts under section 43 of the act. To follow the procedures laid in general directions given by the Charity commission under section 43(7) (b) of the act and. To state whether particular matters have to come to our attention.
Our examination was carried out in accordance with general Directions given by the Charity commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or
disclosure in the accounts, and seeking explanation from you as trustees concerning any such matters. The procedures under taken do not provide all the evidence that would be required in an audit, and consequently, no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out in the statement below.
In the course of our examination, no matter has come to our attention which gives our reasonable cause to bet that in, any material respect, the requirement:
- 1) To keep accounting records in accordance with section 41 of the act:
## and
- 2) To prepare accounts which accord with the accounting record and comply with the accounting requirements of the 1993 Act; have not been met; or
to which in our opinion attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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CHOICE ACCOUNTANCY 54 GREEN FIELD ROAD 2ND FLOOR LONDON E1 1EJ
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## GATWICK[BANGLADESHI ][ISLAMIC ][COMMUNITY ][ASSOCIATION ] **[(1101926)] STATEMENT OF FINANOAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 MARCH 2023**
|Incoming
resources
Contribution& Donations
Membership&subscription
Members&publiccollection
BusinessContribution
Refunds
HMRCFurloughPayment
Fridaycollections
**ActivitiesforGeneratingFunds**
**Student fees**
KARD -e-Hasna
**Refunds**
**InterAcctsTfr**
TrainingAnd education
Donation-RamadanFund
OtherIncome
**Govt& LocalGrant**
**TOTALINCOME**
Costofraisingfunds
Operating Expenses
Note
5
TotalResourcesExpended
NETIncoming/ Outgoing
**resources**
Transfersbetweenfunds
Totalfundbrought forward
Total**fundCarried**|`2023`
UnrestrictedRestrictedEndowment
TOTALfunds
funds
funds
FUND
4,966
4,966
7,605
7,605
0
5,950
5,950
0
0
21,098
21,098
0
998
998
0
0
0
0
0
2,940
2,940
0
39,619
3,938
0
43557
0
0
0
0
27,431
6,414
0
33,845
27,431
6,414
0
33,845
12,188
-2,477
0
9,711
388,591
22723
0
411,314
400,779
20,246
**`0`**
**`421025`**|`2023`
UnrestrictedRestrictedEndowment
TOTALfunds
funds
funds
FUND
4,966
4,966
7,605
7,605
0
5,950
5,950
0
0
21,098
21,098
0
998
998
0
0
0
0
0
2,940
2,940
0
39,619
3,938
0
43557
0
0
0
0
27,431
6,414
0
33,845
27,431
6,414
0
33,845
12,188
-2,477
0
9,711
388,591
22723
0
411,314
400,779
20,246
**`0`**
**`421025`**|`2023`
UnrestrictedRestrictedEndowment
TOTALfunds
funds
funds
FUND
4,966
4,966
7,605
7,605
0
5,950
5,950
0
0
21,098
21,098
0
998
998
0
0
0
0
0
2,940
2,940
0
39,619
3,938
0
43557
0
0
0
0
27,431
6,414
0
33,845
27,431
6,414
0
33,845
12,188
-2,477
0
9,711
388,591
22723
0
411,314
400,779
20,246
**`0`**
**`421025`**|`2023`
UnrestrictedRestrictedEndowment
TOTALfunds
funds
funds
FUND
4,966
4,966
7,605
7,605
0
5,950
5,950
0
0
21,098
21,098
0
998
998
0
0
0
0
0
2,940
2,940
0
39,619
3,938
0
43557
0
0
0
0
27,431
6,414
0
33,845
27,431
6,414
0
33,845
12,188
-2,477
0
9,711
388,591
22723
0
411,314
400,779
20,246
**`0`**
**`421025`**|2022
TOTA
L
FUN
D
3,082
7,845
13,398
7,250
1,506
4,223
1,350
40,000
24,000
35,200
0
14,057
4,000|
|---|---|---|---|---|---|
||39,619|3,938|0||151,911|
||0
27,431
27,431|0
6,414
6,414|0
0
0||0
24,018|
||||||24,018|
|||||||
||12,188|-2,477|0||**127,893**|
||388,591|22723|0||283,421|
||400,779|20,246|**`0`**||411,314|
13
foRward
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GATWICK[BANGLADESHI ][ISLAMIC ][COMMUNITY ][ASSOCIATION ][(1101926) ] BALANCE SHEET AS AT 31ST MARCH 2023
2023 2022
||OMS|||||
|---|---|---|---|---|---|
|FIXEDASSETS:||||||
|Tangibleassets|6||850,021||445,855|
||||850024||445855|
|CURRENTASSETS:||||||
|Debtors|`7`|||||
|Reserve||0||||
|Bank&Caslainhand||1484.38||J251||
|||1484.38||”125t||
|CREDITORS:AMOUNTS|`8`|48,015||16015||
|FALLINGDUEWITHINONEYEAR||||||
|||18015||16015||
|NETCURRENT ASSETS/(LIABILITIES):|||(J6,531)||(J6,764)|
|CREDITORS:AMOUNTS|||58,500||40500|
|FALLING DUEMOIIETHANONEYEAR||||||
|TOTALASSETSLESSCURRENT|LIABILITIES||774,990||388,591|
|FUNDS||||||
|UnrestrictedFund|||`4?1025`||411,314|
|ReS tTiCteClfUlac4S|||`0`||0|
||||`421025`||411314|
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## GATWICK BANGLADESHI ISLAMIC COMMUNITY ASSOCIATION (1101926)
## NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
## BASIS OF PREPARATION
## 1.1 Basis of Accounting
These accounts have been prepared under the historical cost convention with items recognized at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.
- 1.2 Change in Basis of Accounting
There has been no change to the accounting policies since last year
- 1.3 Changes to Previous Accounts
No changes have been made to accounts for previous years
## 2. ACCOUNTING POLICIES
## 2.1 Incomee Resources
Income represents donations, subscriptions and class fees.
These are included in the Statement of Financial Activities (SOFA) when: the charity becomes entitled to the resources;
- the trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliability.
- 2.2 Contractual income and performance related grants
This is only included in the SOFA once the related donations have been received from AL- SADA INVESTMENT LTD.
- 2.3 Resources Expended
Expenditure is recognized on an accrual basis as a liability is incurred. Expenditure includes VAT as[the] charity is exempt from registering for VAT and therefore is reported as part of the expenditure to which it relates.
- 2.4 Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Fixtures and Fittings 10% Straight line; land and property are not depreciated.
## 2.5 Deferred taxaton
Provision is made at current rates for taxation deferred in respect of all material timing differences except to the extent to the extent that, in the opinion of the director, there is reasonable that the liability will not arise in the foreseeable future.
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## GATWICK BANGLADESHI ISLAMIC COMMUNITY ASSOCIATION (1101926) NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31
## MARCH 2023
## OPERATING SURPLUS /( DEFECIT
## )
The operating surplus / ( deficit)is stated after charging:
|2023|`2022`|
|---|---|
|709|709|
Depreciation - owned assets Trustees' emoluments
## ANALYSIS **OF INCOMING** RESOURCES:
|Incoming
resources
Contribution&Donations
Membership&subscription
Members&publiccollection
BusinessContribution
Refund
HMRCFurloughpayment
Otherontributions(FridayCollections
StudentFees
Govt&LocalGrant
KARD-E-Hasana
Refund
Other Income
DonationRamadanfund
RESOURCESEXPENSED:
StafCost
SubContractor
HMRC
Rent&rates
Light&heat
Telephone
Paint&Stationery
Refurbishmentwork(adhoc
expenses)
MortgageInterest
Licence&Insurance
SubscriptionPDQMachine
Insurance
Accountancy
Depreciation
Sundry|**2023**
Unrestricte
d
Restricte
d
funds
funds
4,966
0
7,605
`0`
`5,950`
21,098
`998`
`0`|**2023**
Unrestricte
d
Restricte
d
funds
funds
4,966
0
7,605
`0`
`5,950`
21,098
`998`
`0`|**2023**|TOTAL
FUND
4,966
7,605
0
5,950
0
0
21,098
998
0
~~0~~
0
2940
0
17,200
0
0
1,920
3,740
620
_0_
6,414
0
0
652
2,100
1,200
0
0
33,845|2022
TOTAL
FUMD
0
3,082
7,845
13,998
7,250
1,506
4,223
1,350
4,000
40,000
24,000
33,200
21,000
0
0
1,920
4,184
657
_o_
133,397
o
0
605
994
`1,200`
`0`|
|---|---|---|---|---|---|
|||2940||||
||14,057
17200.00
0.00
0.00
1920.00
3740.00
619.56
_0.00_
6414.04
0.00
0.00
651.89
2100.00
1200.00|||||
||27,431
6,414|||||
## S RESOURCES EXPENSED:
15
## G AT¥VICK BANG LA D ESHI ISLAMIC CO MMUNITY ASSOCIATION (1101926)
Notes to the Financial statement year ended 31st March 2023
## `’ 6` T AN GIB LE FIXED ASSETS:
|COST:
Asat1st April2tJ22
Acfclition/(Dis[oosal)
PropertyRevalued
Asat31stMarely 2tl2?
DEPRECIATION:
As at 1st AkoriI 2tJ22
Chargeforthe year
NETBOOKVALUE:
AsatNJ stMarata2022||398,490||7,094
7,tJ94
`7,073`
730
21|438,604|
|---|---|---|---|---|---|
||||||F›57,094
709|
|||`()`
458,604|||7,075|
||||||459,334|
|||850,000|||850,021|
|"7
DEBTORS:
Loan/debtors|`2023`
0|~~2022~~|
|---|---|---|
||||
|||0|
16
GATWICK BANGLADESHI ISLAMIC COMMUNITY ASSOCIATION[(1101926)] Notes to the Financial statement year ended 31st March 2023
|`’8`
CREDITORS:AMOUNTS
FALLINGDUEWITHINONE
YEAR:
Trade/OtherCreditr›rs
Accrua1s
Accountancyfees
9
CREDITOfts: AMOUNTS
FALLINGDUEMORE
THENONEYEAR:
h4ortgage/ Loan
MembersLora ta(Kard-E-
Hasanii)||`2023`
0
1,200
18,015
~~2023~~
0
5f›,500
58,500||2022
1,°00|
|---|---|---|---|---|
|||||18,015|
|||||2022|
|||||()
40,500|
|||||40,500|
||||||
## 10 LOAN INTEREST :
Mortga ge Interes t ftir the Purclia se of Builcling on September 2UIU has not been Accrued since ucqu irecl
|LoanInterest
IJ
EMPLOYEES:
NumberofEmployees
Theaverageiiiontlalynunibcrof empltiyccsduringthe
ycarwere:
Eni{oloyees
Stibcontractors
EmployeentCosts|**`2023`**
1
17,20
0
17,20
0|2022|
|---|---|---|
||||
||||
|||21,000|
|||21,000|
17