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2024-05-31-accounts

BAYT AL QAIM ISLAMIC CENTRE (BRADFORD)

Accounts

31 May 2024

BAYT AL QAIM ISLAMIC CENTRE (BRADFORD) Profit and Loss Account for the year ended 31 May 2024

Donations & Collections
Other business income
Expenses
Wages, salaries and other staff costs
Rent, rates, power and insurance costs
Repairs and renewals of property and equipment
Telephone, fax, stationery and other office costs
Advertising and business entertainment costs
Interest on bank and other loans
Bank, credit card and other finance charges
Accountancy, legal and other professional fees
Depreciation and loss/(profit) on sale
Event Expenses
Total Expenses
Net Movement in funds
2024
2023
£
£
88,266
72,672
21,472
29,662
26,918
22,596
27,623
9,853
4,548
2,478
10,464
437
9,557
6,884
-
4,427
207
205
480
438
1,788
1,987
17,680
23,544
99,265
72,849
10,473
29,485

1

BAYT AL QAIM ISLAMIC CENTRE (BRADFORD) Balance Sheet as at 31 May 2024

Notes
Fixed assets
Equipment
3
Other fixed assets
4
Current assets
Cash in hand
Current liabilities
Trade creditors
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Capital account
Balance at start of period
Current net movement in funds
Total Funds
51,642 2024
2023
£
£
16,099
17,887
203,476
203,476
219,575
221,363
38,901
390
50,772
38,511
270,347
259,874
259,874
230,389
10,473
29,485
270,347
259,874
870

2

BAYT AL QAIM ISLAMIC CENTRE (BRADFORD) Notes to the Accounts for the year ended 31 May 2024

1 Accounting basis

The accounts have been compiled on a basis that enables profits to be calculated in accordance with UK Generally Accepted Accounting Practice and that provides sufficient and relevant information to enable the completion of a tax return.

2 Profit and loss account analysis

Sales
Donations
Other business income
Other Income
Wages, salaries and other staff costs
Wages and salaries
Rent, rates, power and insurance costs
Rates
Light and heat
Property insurance
Repairs and renewals of property and equipment
Repairs and maintenance
Telephone, fax, stationery and other office costs
Telephone and fax
Donations
Advertising and business entertainment costs
Advertising and PR
Interest on bank and other loans
Interest
Bank, credit card and other finance charges
Bank charges
Accountancy, legal and other professional fees
Accountants fees
Depreciation and loss/(profit) on sale
Depreciation
Other business expenses
Sundry
Niaz
2024
2023
£
£
88,266
72,672
21,472
29,662
26,918
22,596
2,591
1,862
23,554
6,145
1,478
1,846
27,623
9,853
4,548
2,478
389
437
10,075
-
10,464
437
9,557
6,884
-
4,427
207
205
480
438
1,788
1,987
1,214
2,182
16,466
21,362
17,680
23,544

3

BAYT AL QAIM ISLAMIC CENTRE (BRADFORD) Notes to the Accounts for the year ended 31 May 2024

3
Equipment
Cost
At 1 June 2023
At 31 May 2024
Depreciation
Charge for the year
At 31 May 2024
Net book value
At 31 May 2024
At 31 May 2023
4
Other fixed assets
Premises
2024
£
203,476
Plant and
machinery
£
17,887
17,887
1,788
1,788
16,099
17,887
2023
£
203,476

4