REGISTERED CHARITY NUMBER: 1122004 East Ham Ban ladeshi Islamic Communit Trust Trustees, Re ort and Unaudited Financial Statements for the Year Ended 31 March 2022
East Ham Ban ladeshi Islamic Communit Trust Contents of the Financial Slatements for the Year Ended 31 March 2022 Page Reference and Administrative Details Trustees, Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8 to 13 Delailed Statement of Financial Activities 14
East Ham Bangladeshi Islamic Community Trust Reference and Administrative Details for the Year Ended 31 March 2022
TRUSTEES Mohammed Abdul Wahid (Chairman) Muhammad Modu Miah (Secretary) Enus Ali (Treasurer) PRINCIPAL ADDRESS 164 Market Street London E6 2PU REGISTERED CHARITY 1122004 NUMBER
INDEPENDENT EXAMINER Quilfords Limited Chartered Certified Accountants 113 Romford Road London E15 4LY
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East Ham Bangladeshi Islamic Community Trust
Trustees' Report for the Year Ended 31 March 2022
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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 (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES Objectives and aims
The principle activities and aims of the charity are:
(a) To advance the education of the general public by providing training and retraining facilities, particularly among unemployed people for the purpose of helping such people find employment and integrating them into the community.
(b) To advance the education of the public in the subject of Islam through the holding of prayer meetings, lectures, public celebration of religious festivals and the distribution of literature on the Islamic faith for the benefit of the public and community.
(c) The relief of sickness and the preservation and protection of good health among people residing permanently or temporarily in London.
(d) To advance the education of, and to provide facilities in the interest of social welfare for leisure-time occupation with the objective of improving the conditions of life for all residents of London and the community by the provision, maintenance and management of a Community Centre.
Our operations and the year-end financial position were satisfactory and are disclosed in the report and financial statements.
Activities and Achievements
During the year, the organisation continued all its activities whilst obtaining donations from charitable foundations and others. Through access to education, vocational training and recreational facilities, EBICT has sought to empower and develop local communities and we are committed to tackle social exclusion and facilitate community cohesion.
FINANCIAL REVIEW
Funds in surplus
The charity received donations and income from education totalling £39,615 (2021:17,956 ). After payments of outgoing expenses totalling £26,282 (2021: £15,955), the charity was left with a surplus of £13,333 (2021: £2,001) for the year.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
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East Ham Ban ladeshi Islamic Communit Trust Trustees, Re ort for the Year Ended 31 March 2022 Approved by order of the board oftrustees on 27 January 2023 and signed on its behalf by.. Muhammad Modu Miah - Trustee Page 3
Inde endent Examineffs Re East Ham Ban ort to the Trustees of ladeshi Islamic Communit Trust Independent examiner's report to the trustees of East Ham Bangladeshi Islamic Community Trust I report to the charity trustees on my examination of the accounts of East Ham Bangladeshi Islamic Community Trust (the Trust) for the year ended 31 March 2022. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounls in accordance with the requirements of the Charities Act 2011 ('Ihe Act,). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)Ib) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Trusl as required by section 130 of the Act,. or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirements conmIng the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no cOnrnS and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a pioper understanding of the accounts to be reached. Askir Ali FCCA, FMAAT Quilfords Limited Chartered Certified Accountants 113 Romford Road London E154LY Page 4
East Ham Ban ladeshi Islamic Communit Trust Statement of Financial Activities for the Year Ended 31 March 2022 31.3.22 Unrestricted fund 31.3.21 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 39,615 17,956 EXPENDITURE ON Raising funds 700 700 Other 25,582 15,255 Totsl 26,282 15,955 NET INCOME 13,333 2,001 RECONCILIATION OF FUNDS Total funds brought forward 486,248 484,247 TOTAL FUNDS CARRIED FORWARD 499,581 486,248 The notes form part of these financial statements Page 5
East Ham Ban ladeshi Islamic Communit Trust Balance Sheet 31 March 2022 31.3.22 Unrestricted fund 31.3.21 Total funds FIXED ASSETS Tangible assets Notes 557,078 557,078 CURRENT ASSETS Cash at bank and in hand 253,956 239,923 CREOITORS Amounts falling due within one year (11,523} (10,823) NET CURRENT ASSETS 242,433 229,100 TOTAL ASSETS LESS CURRENT LIABILITIES 799,511 786,178 CREDITORS Amounts falling due after more than one year {299,9301 (299,930) NET ASSETS 499,581 486,248 The notes fomi part of these financial statements Page 6 continued...
East Ham Ban ladeshi Islamic Communit Trust Balance Sheet- continued 31 March 2022 FUNDS Unréstricted funds 499,581 486,248 TOTAL FUNDS 499,581 486,248 The financial statements We approved by the Board of Trustees and authorised for issue on 27 January 2023 and were signed on its behalf by: Muhammad Modu Miah - Truste8 M Rahman - Trustee M A Hossain - Tnjstee The notes form part of these financial statements Page 7
East Ham Ban ladeshi Islamic Communit Trust Notes to the Financial Statements for the Year Ended 31 March 2022 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102 have been prepared in accordance with the Charities SORP IFRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Regrettably, the accounts were not filed on lime as the previous treasurer did not discharge hi5 duties in a prompt manner. Income All income is recognised in the Statement of Financial Activities On the charity has entitlement to the funds, it is probable that the income will be received and the amounl can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, il is probable that a transfer of economic benefits will be required in seltlemenl and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings thal aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated lo activities on a basis consislenl with the use of resources. Tangible fixed assets Depreciation is provided al the following annual rates in order to wrile off each asset over its estimaled useful life. Taxation The charity is exempt from lax on its Charitab aclivrties. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives al the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanalion of the nature and purpose of each fund is included in the notes to the financial statements. Page 8 continued...
East Ham Ban lade5hi Islamic Communit Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2022 RAISING FUNDS Raising donations and legacies 31.3.22 31.3.21 Support costs 700 700 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021. Trustoes, expenses There were no trustees, expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 17,956 EXPENDITURE ON Raising funds 700 Other 15,255 Total 15,955 NET INCOME 2,001 RECONCILIATION OF FUNDS Totsl funds brought forward 484,247 TOTAL FUNDS CARRIED FORWARD 486,248 Page 9 continued...
East Ham Ban ladeshi Islamic Communit Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2022 TANGIBLE FIXED ASSETS Freehold property COST Al 1 April 2021 and 31 March 2022 NET BOOK VALUE At 31 March 2022 557 078 557,078 At 31 March 2021 557,078 CREDITORS: AMouKfs FALLING DUE WITHIN ONE YEAR 31.3.22 31.3.21 Other creditors 11,523 10,823 CREDITORS". AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.3.22 31.3.21 Other creditors 299,930 299,930 LOANS An analysis of the maturity of loans is given below.. 31.3.22 31.3.21 Amounts falling due within one year on demand- Other loans 8,000 8,000 Page 10 conlinued...
East Ham Ban ladeshi Islamic Communit Trust Notes to the Financial Statements continued for the Year Ended 31 March 2022 MOVEMENT IN FUNDS Net movement in funds At 31.3.22 Al 1.4.21 Unrestricted funds General fund 486,248 13.333 499,581 TOTAL FUNDS 486,248 13,333 499,581 Net movement in funds, included in the above are as follows.. Incoming resources Resour8 Movement expended in funds Unrestricted funds General fund 39.615 (26,2821 13,333 TOTAL FUNDS 39,615 26,2821 13,333 Comparatives for movement in funds Net movement in funds Al 31.3.21 At 1.4.20 Unrestricted funds General fund 484,247 2,001 486,248 TOTAL FUNDS 484,247 2,001 486,248 Page11 ontinued...
East Ham Ban ladeshi Islamic Communit Trust Notes to the Financial Statements - continued forthe Year Ended 31 March 2022 MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources Movement expended in funds Unrestricted funds General fund 17.956 (15,955) 2,001 TOTAL FUNDS 17,956 15,9551 2,001 A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds Al 31.3.22 At 1.4.20 Unrestricted funds General fund 484,247 15,334 499,581 TOTAL FUNDS 484,247 15,334 499,581 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resources Movement expended in funds Unrestricted funds General fund 57.571 (42,237) 15,334 TOTAL FUNDS 57,571 42,237} 15,334 Page 12 continued...
East Ham Ban ladeshi Islamic Communit Trust Notes to the Financial Statements continued for the Year Ended 31 March 2022 10. RELATED PARTY DISCLOSURES There were no related party Iransactions forthe year ended 31 March 2022. Page 13
East Ham Ban ladeshi Islamic Communit Trust Detailed Stalement of Financial Activities for the Year Ended 31 March 2022 31.3.22 31.3.21 INCOME AND ENDOWMENTS Donations and legacles Donations Income from education 29,715 9,900 17,956 39,615 17,956 Total Incoming resources 39,615 17,956 EXPENDITURE Support Costs Finance Bank loan interest 4,596 4,596 Other Wages Rates and water Insurance Light and heat Telephone Postage and stationery Hall hiring fee Repairs & maintenance Charitable donation Supply teachers 4,476 95 944 6,816 2,002 442 340 413 412 9,000 329 217 5,100 1,059 20,986 10,659 Governance costs Accountancy and legal fee5 700 700 Total resources expended 26,282 15,955 Net incorne 13,333 2,001 This page does not fomi part of the statutory financial statements Page 14