## **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**
**----- Start of picture text -----**
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