TEVIOT BRITISH BANGLADESHI ASSOCIATION
CHARITY REGISTERED NO: 1124917
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181 Teviot Street Poplar London E14 6PY United Kingdom
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
MHC ACCOUNTANTS LTD Chartered Accountants 22 Cavell Street, London El 2HP Tel: 020 7790 0416 Fax: 020 7790 7845 email: mhussain@mhcgroup.co.uk
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TEVIOT BRITISH BANGLADESHI ASSOCIATION
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|Contents|Page|
|Legal|and|Administrative|Information|01|
|Executive|Committee’s|Annual|Report|02|
|Independent|Examiner’s|Report|03|
|Income|and|Expenditure|Account|04|
|Balance|Sheet|05|
|Notes|forming|part|of the|Financial|Statements|06-08|
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TEVIOT BRITISH BANGLADESHI ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION
| Chairman | Mohammed Joynal Abedin | |
|---|---|---|
| Vice Chairman | AshrafAli Syed | |
| Secretary | Amran Ali | |
| . | ||
| Asst Secretary | Zabed Ahmed Chowdhury | |
| Treasurer | Syed Monjur Hussain | |
| Asst Treasurer | Nurul Bari | |
| Members | Abu SyedChoudhury Sher Mohammad |
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| Selaur Rahman | ||
| Mahbubur Rahman | ||
| Ustar Uddin | ||
| Shelim Sardar | ||
| Shakath Ali | ||
| Abdul Ahad | ||
| Mohammed Azir Uddin | ||
| Address | 181TeviotStreet | |
| Poplar | ||
| London | ||
| E14 6PY | ||
| Independent Examiner | MHC Accountants Ltd | |
| Chartered Accountants | ||
| 22 Cavell Street | ||
| London | ||
| BE] 2HP | ||
| Bankers | Barclays Bank PLC HSBC |
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TEVIOT BRITISH BANGLADESHI ASSOCIATION
EXECUTIVE COMMITTEE’S ANNUAL REPORT TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020
It is a requirement for the Executive Committee to prepare an Income and Expenditure Account and Balance Sheet for each financial year which gives a true and sufficient view of the state of affairs of the Organisation and ofthe result for the year then ended. In preparing those financial statements, the
Executive committee members are required to:
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a. select suitable accounting policies and then apply them consistently;
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b. make judgements and estimates that are reasonable and prudent;
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c. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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d. prepare the financial statements on the going concern basis.
OBJECTIVES AND ACTIVITIES
The objectives of Teviot British Bangladeshi Association are wholly for the public benefit.
The principal aims ofthe charity are:
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To promote Islamic education to the community with the provision of mother tongue and Arabic Classes for the age between 06 to 16.
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To the regular activities, the centre provides advisory services to the local community. 3. To run mosque for daily prayers.
The executive committee members are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the organisation and enable them to ensure that the financial statements comply with relevant legislation. They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
(Mohammed Joynal Abedin)
Chairman
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TEVIOT BRITISH BANGLADESHI ASSOCIATION
REPORT OF THE INDEPENDENT EXAMINERS TO EXECUTIVE COMMITTEE
The charity's Trustees consider that an audit is not required for this year under section 144 ofthe Charities Act 2011 (the Charities Act), and that an independent examination is needed.
It is my responsibility to:
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e examine the accounts under section 145(1) of the Charities Act 2011,
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e to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act), and
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e to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My 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 disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken 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.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that in, any material respect, the requirements: e to keep accounting records in accordance with section 130 of the Charities Act
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e to prepare accounts which accord with the accounting records and comply with the accounting requirements of[the][Charities][Act][have][not][been][met;][or]
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Md Mudabbir Hussain
MHC Accountants Ltd Chartered Accountants 22 Cavell Street London El 2HP
Date: 05/08/2021
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TEVIOT BRITISH BANGLADESHI ASSOCIATION
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR 01 JANUARY 2020 TO 31 DECEMBER 2020
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|2020|
|INCOME|Notes|£|
|Various|Collection|2|39,845|
|Community|Language|Services|11,143|
|Donation|3|7,648|
|Total|Income|58,636|
|LESS:|EXPENDITURE|
|Accountancy|fees|700|
|Bank|charges|119|
|Books|1,000|
|Calendar|250|
|Cleaning|20|
|Depreciation|1,933|
|Imam &|teacher|1,387|
|Insurance|158|
|Light and|heat|628|
|Other|legal|and|prof|324|
|Ramadan|Expenses|447|
|Rates|=|
|Rent|2291|
|Repairs|and|maintenance|4,293|
|Staff|training &|welfare|-|
|Stationery|and|printing|Oa|be|
|Telephone|and|fax|-|
|Wages|and|salaries|4|36,531|
|Water|705|
|Total|Expenditure|51,027|
|Excess|of Income|over|Expenditure|7,609|
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We hereby approve the above accounts and confirm that we have supplied all the Information and explanations required for the preparation of these accounts.
Approved by
(Mohammed Joynal Abedin) Chairman
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(Amran Ali)
Secretary
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TEVIOT BRITISH BANGLADESHI ASSOCIATION
BALANCE SHEET AS ON 31 DECEMBER 2020
| 2020 | ||
|---|---|---|
| FIXED ASSETS | Notes | £ |
| Tangible Assets | 6 | 3,865 |
| CURRENT ASSETS | ||
| Cash at Bank | 55,293 | |
| Cash in Hand | 647 | |
| HMRC grants | 2,962 | |
| 58,902 | ||
| LESS: CURRENT LIABILITIES | ||
| Creditors | i | (4,039) |
| NETCURRENTASSETS | 54,863 | |
| TOTALNET ASSETS | 58,728 | |
| REPRESENTED BY: | ||
| Funds | ||
| Opening Balance | 51119 | |
| Less: Excess ofIncome over Expenditure | 7,609 | |
| Balancecarriedforward | 58,728 |
PAGE-06
TEVIOT BRITISH BANGLADESHI ASSOCIATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2026
1. ACCOUNTING POLICIES
(a) Basis of Accounting
The accounts have been prepared on the historic cost convention. The accounts aro % accordance with applicable accounting standards, the Charities SORP (FRS 102) (Accou: ting and Reporting by Charities) and comply with the Charities (Accounts and Reports} Regulations 2008 issued under the Charities Act 1993 iM
(b) Donation and Grants
Income from donations and grants including capital grants is included in incoming resources when these are receivable, except as follows.
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When donors specify that donations and grants given tothe charity must be used in future accounting periods, the income is deferred until those periods... ~
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When donors impose conditions, which must be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in incoming resources until the pre-conditions for use have been met. .
. eAMtnis ive IN
When donors specify that donations and grants, including capital grants, are for sresthitted purposes, which do not amount to pre-conditions regarding entitlement, this income is included in incoming resources of restricted funds when receivable.
(c) Expenditure
All expenditure is included on an accrual basis and is recognised when there is a legal or constructive obligation to pay for expenditure. All costs have been directly attributed to one of the functional categories of resources expended. The charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.
(d) Depreciation Depreciation has been charged 20% based on straight line during this year.
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TEVIOT BRITISH BANGLADESHI ASSOCIATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020
2. VARIOUS COLLECTIONS
Various collections comprise of the following:
| Particulars | £ |
|---|---|
| Friday Collection | 9,660 |
| London Borough ofTower Hamlets | 1,000 |
| Ramadan Collection | 640 |
| Membership Fees | 68 |
| Calendar Sales | E |
| Grants | 28,477 |
| 39,845 |
3. DONATION
During the year the following donations amount have been received and credited in the Income as per the above-mentioned policy.
| Particulars | £ |
|---|---|
| Donations | 7,648 |
| 7,648 |
4. WAGES, SALARIES & NI
Teviot British Bangladeshi Association has a PAYE (Pay as you earn) Scheme and registere< with HMRC as an employer. Net amounts of Wages, salaries & NI payment to Imam, Muazzin & Cleaner as an employee of Teviot British Bangladeshi Association.
We recommend that, the executive committee should retain a copy of self-employmest proof from the tutors.
TEVIOT BRITISH BANGLADESHI ASSOCIATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020
6. FIXED ASSETS
There are no fixed assets register of Teviot British Bangladeshi Association. The Executive Committee should maintain a fixed asset register to control the amount off Fixed Assets.
FA-Equipment, Furniture & Fixtures:
—s
The fixed assets schedule for the year as follows:
£
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|Cost|
|Opening|Balance|as|at|01/01/2020|9,663|
|Addition|during|the|Year|-|
|Closing|Balance|as|at 31/12/2020|93663:|""-|
|Depreciation|
|Opening|Balance|as|at|01/01/2020|3,865|
|Charges|during the|Year|1,933|YEGGTVS|
|Closing|Balance|as|at|31/12/2020|5,798|
|NET BOOK VALUE|as|at 31/12/2020|3,865|
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The depreciation has been charged @ 20% on Straight line method
7, CREDITORS:
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|---|---|---|---|
|Particulars|£|
|MHC|Accountants|Ltd|700|
|PAYE & NI|382|
|WAGES|2957|
|4,039|
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