REGISTERED CHARITY NUMBER: 1187515
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 November 2023
for
The Bangladesh Islamic Centre
Abacus tax Consultants Ltd Chartered Accountants The Colmore Building 20 Colmore Circus Birmingham West Midlands B4 6AT
The Bangladesh Islamic Centre
Contents of the Financial Statements for the Year Ended 30 November 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 10 |
| Detailed Statement of Financial Activities | 11 |
The Bangladesh Islamic Centre
Report of the Trustees
for the Year Ended 30 November 2023
The trustees present their report with the financial statements of the charity for the year ended 30 November 2023. 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
To advance the Muslim religion for the benefit of the public through the holding of prayer meetings, lectures and public celebration of religious festivals.
To further or benefit the residents of Lozells and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents
and the local authorities, voluntary and other organisations in a common effort to advance education and to
provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of
improving the conditions of life for the residents.
To promote other such charitable purposes as the trustees may from time to time determine.
FINANCIAL REVIEW
Total incoming resources in the year amounted to £28,347 (2022 £29,685) with a net deficit of £1,610 (2022 £3,401 surplus).
FUTURE PLANS
The organisation intends to carry on its core services of advancing Muslim religion for the benefit of the
public through the holding of prayer meetings, lectures and public celebration of religious festivals, advance
education and to provide facilities in the interests of social welfare for recreation leisure time occupation
with the objective of improving the conditions of life for the residents.
The charity plans to continue with its activities and provide additional services subject to obtaining further funding as required.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1187515
Page 1
The Bangladesh Islamic Centre
Report of the Trustees
for the Year Ended 30 November 2023
Principal address
88 Wills Street Birmingham West Midlands B19 1QT
Trustees
Mohammed A Abdal Trustee Malak Ahmed Trustee Muhammed A Gafur Trustee Mohammed H Miah Trustee Mohammed T Miah Trustee Mohammad Khan Trustee
Independent Examiner
Monzur Sumon Abacus tax Consultants Ltd Chartered Accountants The Colmore Building 20 Colmore Circus Birmingham West Midlands B4 6AT
Approved by order of the board of trustees on 30 April 2024 and signed on its behalf by:
Mohammed A Abdal - Trustee
Page 2
Independent Examiner's Report to the Trustees of The Bangladesh Islamic Centre
Independent examiner's report to the trustees of The Bangladesh Islamic Centre
I report to the charity trustees on my examination of the accounts of The Bangladesh Islamic Centre (the Trust) for the year ended 30 November 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 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)(b) 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 to believe that in any material respect:
-
accounting records were not kept in respect of the Trust 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 concerning 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 concerns 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 proper understanding of the accounts to be reached.
Monzur Sumon
Abacus tax Consultants Ltd Chartered Accountants The Colmore Building 20 Colmore Circus Birmingham West Midlands B4 6AT
30 April 2024
Page 3
The Bangladesh Islamic Centre
Statement of Financial Activities for the Year Ended 30 November 2023
| 30.11.23 | 30.11.22 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 28,347 | 29,685 | |
| Investment income | 2 | - | 17 |
| Total | 28,347 | 29,702 | |
| EXPENDITURE ON | |||
| Raising funds | 3 | 1,500 | 1,554 |
| Charitable activities | |||
| charitable activities | 28,120 | 24,532 | |
| Other | 337 | 215 | |
| Total | 29,957 | 26,301 | |
| NET INCOME/(EXPENDITURE) | (1,610) | 3,401 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 69,778 | 66,377 | |
| TOTAL FUNDS CARRIED FORWARD | 68,168 | 69,778 |
The notes form part of these financial statements
Page 4
The Bangladesh Islamic Centre
Balance Sheet
30 November 2023
| 30.11.23 | 30.11.22 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Debtors | 6 | 138 | - |
| Cash at bank and in hand | 70,491 | 72,633 | |
| 70,629 | 72,633 | ||
| CREDITORS | |||
| Amounts falling due within one year | 7 | (2,461) | (2,855) |
| NET CURRENT ASSETS | 68,168 | 69,778 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 68,168 | 69,778 | |
| NET ASSETS | 68,168 | 69,778 | |
| FUNDS | 8 | ||
| Unrestricted funds | 68,168 | 69,778 | |
| TOTAL FUNDS | 68,168 | 69,778 |
The financial statements were approved by the Board of Trustees and authorised for issue on 30 April 2024 and were signed on its behalf by:
Mohammed A Abdal - Trustee
Mohammad Khan - Trustee
The notes form part of these financial statements
Page 5
The Bangladesh Islamic Centre
Notes to the Financial Statements for the Year Ended 30 November 2023
1. 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 (FRS 102) '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)', 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.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount 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, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at 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 explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 6
continued...
The Bangladesh Islamic Centre
Notes to the Financial Statements - continued for the Year Ended 30 November 2023
| 2. | INVESTMENT INCOME | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 30.11.23 | 30.11.22 | ||||||||
| £ | £ | ||||||||
| Bank interest receivable | - | 17 | |||||||
| 3. | RAISING FUNDS | ||||||||
| Raising donations and legacies | |||||||||
| 30.11.23 | 30.11.22 | ||||||||
| £ | £ | ||||||||
| Support costs | 1,500 | 1,554 | |||||||
| 4. | TRUSTEES' REMUNERATION | AND BENEFITS | |||||||
| There were no trustees' |
remuneration | or | other | benefits | for | the | year | ended | |
| 30 November 2023 nor for the year ended 30 November 2022. | |||||||||
| Trustees' expenses | |||||||||
| There were no trustees' expenses paid for the | year ended 30 November 2023 nor for the | ||||||||
| year ended 30 November 2022. | |||||||||
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||||||||
| Unrestricted | |||||||||
| fund | |||||||||
| £ | |||||||||
| INCOME AND ENDOWMENTS FROM | |||||||||
| Donations and legacies | 29,685 | ||||||||
| Investment income | 17 | ||||||||
| Total | 29,702 | ||||||||
| EXPENDITURE ON | |||||||||
| Raising funds | 1,554 | ||||||||
| Charitable activities | |||||||||
| charitable activities | 24,532 | ||||||||
| Other | 215 | ||||||||
| Total | 26,301 | ||||||||
| NET INCOME | 3,401 | ||||||||
| RECONCILIATION OF FUNDS | |||||||||
| Total funds brought forward | 66,377 |
Page 7
continued...
The Bangladesh Islamic Centre
Notes to the Financial Statements - continued for the Year Ended 30 November 2023
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|---|
| Unrestricted | |||||
| fund | |||||
| £ | |||||
| TOTAL FUNDS CARRIED | |||||
| FORWARD | 69,778 | ||||
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 30.11.23 | 30.11.22 | ||||
| £ | £ | ||||
| Prepayments | 138 | - | |||
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 30.11.23 | 30.11.22 | ||||
| £ | £ | ||||
| Trade creditors | - | 775 | |||
| Taxation and social security | 2,432 | 869 | |||
| Other creditors | 29 | 1,211 | |||
| 2,461 | 2,855 | ||||
| 8. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| At | movement | At | |||
| 1.12.22 | in funds | 30.11.23 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 69,778 | (1,610) | 68,168 | ||
| TOTAL FUNDS | 69,778 | (1,610) | 68,168 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in | funds | ||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 28,347 | (29,957) | (1,610) | ||
| TOTAL FUNDS | 28,347 | (29,957) | (1,610) |
Page 8
continued...
The Bangladesh Islamic Centre
Notes to the Financial Statements - continued for the Year Ended 30 November 2023
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| At | movement | At | |
| 1.12.21 | in funds | 30.11.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 66,377 | 3,401 | 69,778 |
| TOTAL FUNDS | 66,377 | 3,401 | 69,778 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 29,702 | (26,301) | 3,401 |
| TOTAL FUNDS | 29,702 | (26,301) | 3,401 |
| A current year 12 months and prior year 12 months combined position is as follows: | |||
| Net | |||
| At | movement | At | |
| 1.12.21 | in funds | 30.11.23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 66,377 | 1,791 | 68,168 |
| TOTAL FUNDS | 66,377 | 1,791 | 68,168 |
| A current year 12 months and prior year | 12 months combined net movement in fund | ||
| included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 58,049 | (56,258) | 1,791 |
| TOTAL FUNDS | 58,049 | (56,258) | 1,791 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
Page 9
continued...
The Bangladesh Islamic Centre
Notes to the Financial Statements - continued for the Year Ended 30 November 2023
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 November 2023.
Page 10
| The Bangladesh Islamic Centre | ||
|---|---|---|
| Detailed Statement of Financial Activities | ||
| for the Year Ended 30 November 2023 | ||
| 30.11.23 | 30.11.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 28,347 | 29,685 |
| Investment income | ||
| Bank interest receivable | - | 17 |
| Total incoming resources | 28,347 | 29,702 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages and salaries | 17,461 | 14,557 |
| Social security | - | 221 |
| Food, refreshments and events | 512 | 23 |
| Rates and water | 275 | 704 |
| Light and heat | 5,638 | 3,414 |
| Repairs and maintenance | 814 | 1,967 |
| Insurance | 1,288 | 1,105 |
| Household and cleaning | 27 | 570 |
| Bank charges | 158 | 345 |
| Telephone | 232 | 236 |
| Post and stationery | 6 | 105 |
| Advertising | 1,615 | 1,285 |
| Equipment expensed | 94 | - |
| 28,120 | 24,532 | |
| Other | ||
| Pensions | 337 | 215 |
| Support costs | ||
| Governance costs | ||
| Accountancy and legal fees | 1,500 | 1,554 |
| Total resources expended | 29,957 | 26,301 |
| Net (expenditure)/income | (1,610) | 3,401 |
This page does not form part of the statutory financial statements
Page 11