BISMILLAH CULTURAL CENTRE (AFGHAN COMMUNITY) FINANCIAL STATEMENTS FOR 31 MARCH 2022
Charity Number 1133180
BISMILLAH CULTURAL CENTRE (AFGHAN COMMUNITY)
FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022
CONTENTS PAGE
| Members of the Board and professional advisers | 3 |
|---|---|
| Trustees Annual Report | 4,5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 |
BISMILLAH CULTURAL CENTRE (AFGHAN COMMUNITY)
MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS
Registered charity name Bismillah Cultural Centre (Afghan Community) Charity number 1133180 Operation address Flat C,1370 London Road Streatham London SW16 4DE Trustees Mr Mohammad Zahirshah Mr Mohammad Ehsan Mothamen Mr Mohammad Aziz Azizi Mr Abdul Mussaweer Shah Management committee members Mr Mohammad Zahirshah Bankers Barclays Bank PLC 744 London Road Thornton Heath Croydon Surrey CR7 6YH
BISMILLAH CULTURAL CENTRE (AFGHAN COMMUNITY)
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 March 2022
The trustees have pleasure in presenting their report and the financial statements of the charity for the year ended 31 March 2022
REFERENCE AND ADMINISTRATIVE DETAILS
Reference and administrative details are shown in the schedule of members of the board and professional advisers on page 1 of the financial statements.
THE TRUSTEES
The trustees who served the charity during the period were as follows: Mr Mohammad Zahirshah Mr Mohammad Ehsan Mothamen Mr Mohammad Aziz Azizi Mr Abdul Mussaweer Shah
TEACHING OF QURAN
Quran classes for the young continued throughout the year.
OTHER ACTIVITIES
Other activities included the relief of poverty, the provision of funeral services to the Muslim community, and the provision of facilities for community development in the London Borough of Croydon. To advance the education, particularly by the provision of English classes and supplementary school for the Afghanistan Community. To advance the religion of Islam in accordance with the teaching of the Quran.
RESULTS
The results for the year are shown on page 6. The progress during the year and the position at the year end is considered to be satisfactory.
RISK REVIEW
The Trustees have conducted their own review of the major risks to which the Charity is exposed and steps have been initiated to minimise the identified risks. All functions of the Charity are subjected to periodic review resulting in a process of ongoing improvement.
RESPOSIBILITIES OF THE TRUSTEES
The charity's trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
BISMILLAH CULTURAL CENTRE (AFGHAN COMMUNITY)
TRUSTEES ANNUAL REPORT (continued)
YEAR ENDED 31 MARCH 2022
RESPOSIBILITIES OF THE TRUSTEES (continued)
-
Select suitable accounting policies and then apply them consistently;
-
Observe the methods and principles in the Charities SORP;
-
Make judgements and estimates that are reasonable and prudent;
-
State whether applicable accounting standards have been followed, subject to any material
-
Departures disclosed and explained in the financial statements;
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993 and the Charity (Accounts and Reports) Regulations 2008. The trustees 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.
Signed on behalf of the trustees
........................................................ Mr Mohammad Zahirshah Trustee
18[th] April 2023
BISMILLAH CULTURAL CENTRE (AFGHAN COMMUNITY)
STATEMENTS OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2022
| Note INCOMING RESOURCES Incoming resources from generating funds: Voluntary income 2 Activites for generating funds 3 Other Income- on-line filling incentive 3 Investment income 4 Income resourses from charitable activities 5 TOTAL INCOME RESOURCES RESOURCES EXPENDED Cost of generating funds: Cost of generating voluntary income 6 Fundraising trading: cost of goods sold and other costs 7 Investment Management 8 Charitable activities 9 and 10 Government cost 11 TOTAL RESOURCES EXPENDED NET INCOMING RESOURCES FOR THE YEAR 12 RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds 2022 48,259.50 |
Total Funds 2022 48,259.50 |
|---|---|---|
| 48,259.50 | 48,259.50 | |
| 51,690.94 | 51,690.94 | |
| 51,690.94 | 51,690.94 | |
| 3,431.44 - 16,488.59 |
3,431.44 - 16,488.59 |
|
| 13,057.15 | 13,057.15 9,000.00 |
|
| 13,057.15 | 22,057.15 |
The Statements of Financial Activities include all gain and losses in the year and therefore a statement of total recognised gains and losses has not been prepared
All of the above amount relates to continuing activities
BISMILLAH CULTURAL CENTRE (AFGHAN COMMUNITY)
BALANCE SHEET
YEAR ENDED 31 MARCH 2022
| Note FIXED ASSETS Land & Building 14 CURRENT ASSETS Stock 15 Debtors 16 Cash at bank and in hand (Bank 1) 17 Bank 2(Saving) Total Current Assets |
£ 2022 |
£ £ 2021 2020 |
|---|---|---|
| 95000 -942.85 9000 8057.15 |
90,000.00 90,000.00 - - - - 7,488.59 9,273.78 9,000.00 16,488.59 9,273.78 |
|
| Total Assets | 103057.15 | 106,488.59 99,273.78 |
| CREDITORS: Amounts falling due within one year 18 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS: Amounts falling due after one year 19 NET ASSETS FUNDS Reserve Unrestricted income funds TOTAL FUNDS |
- | - - |
| 103,057.15 103,057.15 |
106,488.59 99,273.78 - - |
|
| 106,488.59 99,273.78 |
||
| 90,000.00 13057.15 |
90,000.00 90,000.00 16,488.59 9,273.78 |
|
| 103,057.15 | 106,488.59 99,273.78 |
|
| - | - - |
These financial statements were approved by the members of the committee on the …...................and were signed on their behalf by:
BISMILLAH CULTURAL CENTRE (AFGHAN COMMUNITY) NOTES TO THE FINANCIAL STATEMENT YEAR ENDED 31 MARCH 2022
BASIS OF ACCOUNTING
The financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, the Statement of
Recommended Practice "Accounting and Reporting by Charities" issued in March 2005 (SORP 2005) and the Charities Act 1993.
FIXED ASSETS
All fixed assets are initially recorded at cost.
DEPRECIATION
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset.
STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
| 2 Voluntary Income INCOMING RESOURCES VOLUNTARY INCOME Donations- Construction fund Donations collected for others, and functions Collection for purchase of property General donation Madrassa collection TOTAL INCOMING RESOURCES 3 INCOMING RESOURCES FROM ACTIVITIES FOR GENERATING FUNDS Other income- on-line filling incentive Book shop income Community events 4 INVESTMENT INCOME Income ftom UK investment properties 5 INCOMING RESOURCES FROM CHARITABLE ACTIVITIES |
2022 2022 |
|---|---|
| 48,259.50 53,652.66 48,259.50 53,652.66 |
|
| Unrestricted funds Total Funds 2022 |
|
| Unrestricted funds Total Funds 2022 |
|
| Unrestricted funds Total Funds 2022 |
Other income- on-line filling incentive Book shop income Community events 4 INVESTMENT INCOME Income ftom UK investment properties 5 INCOMING RESOURCES FROM CHARITABLE ACTIVITIES Tax recovered under Gift Aid
BISMILLAH CULTURAL CENTRE (AFGHAN COMMUNITY) NOTES TO THE FINANCIAL STATEMENT YEAR ENDED 31 MARCH 2022
6 COST OF GENERATING VOLUNTARY INCOME
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Restricted funds Total Funds 2022
Cost of generating income 46,437.80
7 FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS
Unrestricted funds Total Funds 2022
Shop costs
8 INVESTMENT MANAGEMENT COSTS
Unrestricted funds Total Funds 2022
Expenses
9 COST OF CHARITABLE ACTIVITIES BY FUND TYPE
Unrestricted funds Total Funds 2022
Support Costs
10 COST OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE
Support Costs Total Funds 2022
Direct Charitable expenditure
11 GOVERNMENT COSTS
Unrestricted funds Unrestricted funds Total Funds 2022
Legal fees
Shariah Compliant Loan - rent payable
12 NET INCOMING RESOURCES FOR THE YEAR
2022 2021
This is stated after charging:
Depreciation
Auditors' remineration:
> audit of the financial statement
13 STAFF COSTS AND EMOLUMENTS
Total staff cost were as follows:
2022 2021
Subcontractor Fee 17,760.00 17,760.00
Social security costs
----- End of picture text -----
BISMILLAH CULTURAL CENTRE (AFGHAN COMMUNITY) NOTES TO THE FINANCIAL STATEMENT YEAR ENDED 31 MARCH 2022
Particulars of employees:
The average number of employees during the year, calculated on the basis of full-time equivalents, was as follows:
2022 2021
Education and administrative support staff
The payroll and headcount exculdes 1 staff for Bookshop Administration functions are carried out by unpaid volunteers No employee received remuneration of more than £60,000 during the year
BISMILLAH CULTURAL CENTRE (AFGHAN COMMUNITY) NOTES TO THE FINANCIAL STATEMENT YEAR ENDED 31 MARCH 2022
14 TANGIBLE FIXED ASSETS
| ED ASSETS | ||||||
|---|---|---|---|---|---|---|
| COST At 1 APR 2021 Additions At 31 MAR 2022 DEPRECIATION At 1 APR 2021 Charge for the year At 31 MAR 2022 NET BOOK VALUE At 1 APR 2021 At 31 MAR 2022 |
Freehold property 90,000.00 5,000.00 |
Computer equipment |
Freehold property 90,000.00 5,000.00 |
Computer equipment |
Fixtures & Fittings |
Motor Vehicles Total 90,000.00 5,000.00 |
| 95,000.00 | 95,000.00 | 95,000.00 | ||||
| 95,000.00 | 95,000.00 | 95,000.00 | ||||
| 95,000.00 | 95,000.00 | 95,000.00 |
BISMILLAH CULTURAL CENTRE (AFGHAN COMMUNITY) NOTES TO THE FINANCIAL STATEMENT YEAR ENDED 31 MARCH 2021
15 STOCK
16 DEBTORS
Stock Sundry Debtors- Rent Other debtorsGift Aid Tax Rebate Prepayments and accrued
| 2022 | 2021 |
|---|---|
| 2022 | 2021 |
17 CASH AT BANK AND IN HAND
| ANK AND IN HAND | |
|---|---|
| Islamic Bank Of Britain Barclays current account Bank 1 Saving Bank 2 S: Amount falling due within one year Bank Loans and Overdraft Outstanding Zakat and Fitra Distribution Other Creditors Accruals |
2022 2021 |
| -942.85 7,488.59 9,000.00 9,000.00 |
|
| 8,057.15 7,488.59 |
|
| 2022 2021 |
|
18 CREDITORS: Amount falling due within one year
19 CREDITORS: Amount falling due after more than one year
2022 2021
Bank loan and overdrafts
20 RESTRICTED INCOME FUNDS
| Balance at 1 April 2021 |
Incoming resources |
Incoming resources |
Balance at 31 |
|---|---|---|---|
| March 2022 |
Restricted Funds
BISMILLAH CULTURAL CENTRE (AFGHAN COMMUNITY) NOTES TO THE FINANCIAL STATEMENT YEAR ENDED 31 MARCH 2022
21 UNRESTRICTED INCOME FUNDS
| General Funds 22 ANALYSIS OF NET ASSETS BETWEEN FUNDS Restricted Income Funds: Restricted fund Unrestricted Income Funds Total Funds |
Tangible fixed assets |
Balance at 1 April 2021 16,488.64 |
Incoming resources 3,431.44 - |
Incoming resources |
Balance at 31 March 2022 13,057.20 |
|---|---|---|---|---|---|
| 16,488.64 | 3,431.44 - |
- | 13,057.20 | ||
| Net current assets | Net current assets |
Net current assets |
Long term liabilities |
23 RELATED PARTY TRANSACTIONS
During the year the Charity was under the control of Trustees and Management Committee members as listed on page 1. None of the trustee or management committee member were remunerated or paid any expenses. However, they used the facilities offered by the Charity for performance of their religious duties like other memebers of the Muslims community