2020-12-31-accounts - Agha

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Anjuman Gulaman -e- Hazrat Abbas (AGHA)

Trustees Annual Report for the year ended 31st December 2020

The Trustees present their Annual Report and Accounts for AGHA for the year ended 31st December 2020.

Objectives and activities of AGHA

The Objectives for which AGHA is established is to arrange social, cultural, educational and religious events on special occasions throughout the year. In addition, AGHA aims to help the elderly and people who need help and advice.

Management and governance arrangements

The management of AGHA is undertaken by the committee of management comprising of a President, General secretary, Treasurer and two co-opted members.

No trustee or committee member received any emoluments during the year in respect of services performed nor were any expenses paid on their behalf.

During the year, the charity’s activities were much curtailed due to the Corona virus pandemic. However, Thursday’s programmes were conducted mainly on line via Zoom. Moharram and Ramadhan Majalises were held at the centre with limited attendees and under strict control. All attendees were required to wear face masks and maintain social distance requirements. A minimum number of Iftars were held during the month of Ramadhan. Food and refreshments for these Iftars was provided by third parties. Likewise, some majalises were also conducted for the first ten days of the month of Moharram and Arbeen and other special dates. Scholars and reciters were engaged to speak at the above mentioned functions mainly via Zoom. The receipts and expenses of these functions are reflected in the total amounts of £2,949, £7,845 and £7,640 which include third party contributions.

A resident Alim on a part time basis remained engaged to conduct Thursday’s programmes and Friday prayers whenever possible.

During the year, £6,500 was repaid to unsecured creditors. The balance now outstanding is £8,000 due to one member which will be repaid as and when funds are available. No interest is payable in respect of these loans.

Subscriptions and donations amounting to £29,119 were received and paid into the bank account. Contributions by third parties towards food refreshments and Reciters fees was £9,684 making a total of £38,803 as shown in income and expenditure account for the year ended 31 December 2020.

For the year ended 31 December 2020, there was a surplus of £9,917 which was added to the accumulated funds which now stand as £200,518.

By order of the Board of Management

Mr Syed Mahmood Hussain - President

Mr Syed Nasir Abbas Jafri - Secretary

Mr Syed Azhar Sibtain – Treasurer

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ANJUMAN GULAMAN - E - HAZRAT ABBAS (AGHA)
Income and Expenditure Account
1 January 2020 to 31st December 2020
INCOME £
Subscriptions and Donations 35,854.20
Contributions towards Majaalis/Milad & other
expenses by third parties 2,948.67
38802.87
LESS EXPENDITURE £
Reciters/Scholars Fees and Fares 7,845.41
Food and Refreshments for Majaalis/Milaad 7,640.00
Rent of Halls & Marquees -
Insurance 978.84
Council Tax & Water Rates 755.68
Heating & Lighting 2,604.05
Repairs and Refurbishments 1,047.00
Sundries/Disposable items 3,489.67
Advertising annual majlis -
Sound System -
Resident Alims Fees 4,525.00
28,885.65
Excess of Income over Expenditure for the year
ended 31 December 2020 £ 9917.22
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BALANCE SHEET AT 31 DECEMBER 2020

ASSETS Freehold Property 2 Lorne Road, Northampton NN1 3RN Cash at Bank LIABILITIES Unsecured loans Income & Expenditure Account Balance at 31 December 2019 Add Excess of Income over expenditure for the year ended 31 December 2020	£ £ 203,919.60 4,598.34 £ 208,517.94 8,000.00 190,600.72 9,917.22 200,517.94 £ 208,517.94

BALANCE SHEET AT 31 DECEMBER 2020

ASSETS Freehold Property 2 Lorne Road, Northampton NN1 3RN Cash at Bank LIABILITIES Unsecured loans Income & Expenditure Account Balance at 31 December 2019 Add Excess of Income over expenditure for the year ended 31 December 2020	£ £ 203,919.60 4,598.34 £ 208,517.94 8,000.00 190,600.72 9,917.22 200,517.94 £ 208,517.94