MILE END BENGALI MUSLIM COMMUNITY ASSOCIATION Charity Registration Number". 1199395 Company Registration Number . 11465417 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 REPORTING ACCOUNTANTS= AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAO LONDON E1 4SA TEL." 020 7790 6111 Page 1 of12
MILE END BENGALI MUSLIM COMMUNITY ASSOCIATION FOR THE YEAR ENDED 31 JULY 2024 CONTENTS Page3 Inlomalion of financial Statements Report of the Execuh"ve Committee Statement ol responsibilities of the Committee.. Independent Exafflinerfs Report In¢orne and Expendilure Accounts Statement ol A55ets and Liabilities 10 Notes to the Accounts 11-12. Page20112
MILE END BENGALI MUSLIM COMMUNITY ASSOCIATION FOR THE YEAR ENDED 31 JULY 2024 MANAGEMENT COMMITTEE CHAIR PERSON Mr Sanaur Rahman GENERAL SECRETARY Mi Mohammed Hasan Mahmud TREASURER Mr Ashab Ali AODRESS 97-103 Harnlets Way Londo E3 4TL BANKER HSBC BANK PLC BARCLAYS BANK INDEPENDENT EXAMINER AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E14SA TEL.. 020 7790 6111 Charit 's Trustees.. Mr MD Mahfuzul Hussain Nahid Mr Zakirul Islam Choudhury Mi A5hab Mi Mr Mohammed Rukon Ahmed Mr Md Fakrul Islam Mr Sharnsul Islam Mr Artar Ali Mr Sanaur Rahtnan Mr Easin Ahmad Mi Nurul lslarn Mr Moharnmed Hasan Mahmud Mr Faruk Uddsn Mi 8illal Ahtned Sheikh Mr Sheikh Kabir Hasan Siddiquee Mr Moharnrned Jashiffl Uddin Mr Shahab Uddin Mr Khaled Miah Mi Mohammed Abdul Muntakirn Mr Abdijl Samad Mr Mohamrned Arjok Ai Mr Kazi Ehsan Mr Mohamrnad Abdur Rob Page 3 0112
MILE FND BENGALI MUSLIM COMMUNITY ASSOCIATION REPORT OF TIIE LII.'CIITIVE CO.MNItI"I'EF roil TIIL I,'NDLD 31 JIII.1' 2024 The trusteeg present Ihcir report and financial stat¢meiit5 for tlie year ended 31 July 2024. The Triistees Iiave adopted the provisions of the Statement of Recommended l)ractic¢ (SORP) Accouiiting and Repoiliiiiy by Cliai'ilies issued iii 2005 in preparing the aiiiiual rcport and financial statemei)ls of (hc Charity. Legal Status". Charity.. Registered with the Charity Commission, Charity Nuniber.. 1199395 Cornpany.. Limited by guarante¢, company nutnber: 11465417 Directors and th¢ir interests The following seived a% directots of Ilie company.. Mr MD Malifuiul Hus511 in Nahid Mr Sanaur Rahman Mr Ashab Ali Objects, l)rincipal Activitiey and Organisation of the Charity The Charity IS Lonstituicd as a company liinited by giiarantec, aiid is therelore governed by a iiiesnoranduTn aiid articles of association. The Cliarity's object are for th¢ benefil ofthe iiihabitajits of London Boroiigh of Tower14amlets, and in pllrticiilar Incmbers of the Miisliin Miiiority Ltlinic Communilies. To advaiice the Islainic r¢ligion in the whole coininunity, for ilie benLlIl vl. tlie public tl)rough the holding of prayer meetings, Icciures, public celebration lo religious f¢stiva15, prodiicijig andlor distributing litratLire on Islaiii to eiilighteii others about the Islamic religion. Page40112
MILE END BENGALI MUSLIM COMMUNITY ASSOCIATION REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 JULY 2024 Organisation: A Managamènl Committee, the members of which are t)olh directors and trustees manages the affairs of the company and charty The Management Committee fflanages the business of the ¢ompany and charity including the paying of all expenses. Directors And shareholding The directors do not have any shares iii thc compaiiy, the compaiiy being limiied by guarantee. Trustees: Trustees. who are all meiiibers of the executive coinniittee, aiid wlio served durii)g the year are set oui on page i. Tlie irustees arc elected at the Annual Gen¢Tal Meeting, for meillb¢T5hip of the F.xe¢ulive Committee and serve untll the end of the next Anniial General Mceting, wl)ere tliey cali stai)d foi re- eleclion as lliembers of th¢ new Executive Committee. Directors, l Trustees responsibilities in relation to the financial statement. -rhe directors ale required by coinpany law to prepare financial statements for each finlln¢ial year which give a true and fari- iiiew of the financial aclivities of tlie charily and ol- its filn¢la1 position at the eind of thai year. Iii prepariiig ihose fiiiancial staleiiients Ili¢ diiEctors arL rcquii'ed to: The Trustees are SPonsIble lor pieparing the Trustees Annual Report and the Financial Ststements in accordance with applicable law and regulations and United Kingdom Ao¢ounling Standards Iunited Kingdom Generally Accepted Accounb'ng Practice). The law applicable to charities in England and Wales requires the Trustees lo Ppare Financial Ststements lor each finanThal year which give a true and fair view ol the state of affairs ol the charity and of the incorning resour$ and application ol resour$ ol the tharity lor that period. In preparing these Financial StatEm8nis. the Trustees are required to.. Select suitable accounting policies and then apply them consistently,. Observe the methods and principles in the Charities SORP, Make judgement5 and accounting eslimales Ihat are kSOnable and prudent. prepa the Financial Statements on the going concern basis unless it is inappropriate to presume that the chanty will continue in operation The D1CtorS 1 Trustees a responsible for k88ping proper accounting records tttat diselose with reasonable accuracy at any time the financial position ollhe charity and enable them to ensure that the Finanaal Ststements comply with the Charities Act 2011. The Charity IAcGounts and Reports) RulationS 2008 and the provision5 of the trust deed. They are also responsible lor Safeguarding the assets ol the charity and hence for taking reasonable steps for the prevention and detection ol fraud and other iiregularilies Page 5 0112
VOLUNTEERS: The Trustees wish lo record their appCiatIon on behalf of the Chaiity and ¢omrnunity lor the volunteers who 85sisI in the smooth running ol the Charity and a critical in helping to keeps the running costs down RISK REVIEW.. The Tiustees have conducted their own r8view of the major risks to which the Charity is exposed and steps have been inib.ated lo minimise the identified iisks. All functions ol the Chaiity are subjected lo periodic review resulting in a process of ongoing improvement. All staff and volunteers are trained and have all the required statutory and iegulalory clearanTrs reouired. SERIOUS INCIDENTS AND EX¢EPTIONS= The Trustees are pleased to note. that there were no Incidents which gave r15e lo the need lor the Trustees to lodge a Serious Inadent Report wth the Charity Commission. Furthermore, there were no EXptIonS record&d and which gave rise to the need for the Trustees to record on the Charity's Exceptions, Register. RELATED PARTY TRANSACTIONS: During Ihe yearlhe Charity was under the ¢onlrol of Tru5tee5 and Management Commillee members as listed above. This report, which has been prepared in accordance with the specwl provi5ion$ of Part 15 01 the Companies Act 2006 applicable to small cornpanies. INDEPENDENT EXAMINER According to the provisions of the Charities Aet 1993. the Comrnittee ha5 agreed that and audit is not reqUId for this finanaal year Howevèi due to provisions ol the samo act an independent examiner is required and AM Accountancy Services appointed as external Accountant or Indtrpendent Examiner. Tran.saction and financial position The Slalement ol Finaneial Activities shows net surplus for the year of £22,477 and our accumulated funds stand al £222,857 in total. AM Accountancy Services carried out an indèpèndent exarnination ol the aGwunts included in the rep)rt. This ieporL which has been prepared in a¢cordance with the Statement ol Recommended Pra¢lice ISORPI Accounb"n9 and Reporting by Charities issued in 2005. Approvèd by the trustees and signtd on its behalf by This report was approved by the Execub've Committee on an(J signed on their beh81f. Mr S8naur Rahman (Chair personl Date". Mr Mohammed Hasan Mahmud IGeneral Secretaryl Dale" Lr Is Pagè6of 12
Aecountants. Report To the Trustees of MILE END BENGALI MUSLIM COMMUNITY ASSOCIATION FOR THE YEAR ENDED 31 JULY 2024 We report on the accounts for the year ended 31 Juty 2024 set out on pages 8 to 12 which have been prepared under the historical eosl convention and the accounb.ng policies set out in llote 1 to the finanaal statements. Respective Responsibilities of Trustees and Accountants As describcd on page 5 the trustees are responsible for the preparation of the financi&l slatemenls, and they consider that the trust is exempt from an audit. It is our responsibility to cai.iy out procedure5 designed to enable us tts report our opinion to you. Basis of Opinion We conducted our work in accordance with the Ststement of Standards for Reporting Awounlants. and so Qui procedures consisted of compaiing the accounts with the acwunling records kept by the charity. and m&kin9 such limited enquiries ol the Iiuste8s and officers as we considered ne$sary for the purpose ol this rpport. These procedures provide only the assurance expressed in wr opinion. Opinion In our opinioll". lal The accounts are In agreement with the accountlThg records kept by the tharity under the requirements of the Staternent of Recommended Practice- Accounting and Reporting by C*arilies.' Ibl Having gard only lo, and on the basis ol. the infomation contained in tt)ose accounts.. 111 The accounts have been drawn up in a manner consistent with the arKounbng requirements specified the Statement of Re¢omrnended PractiTr- Accounb"ng and Reporting by Charities, and 121 The charity satisfied the conditions lor the exernpb.on from an audit of th& 3ocounls lor the year specified in the CharitiÈ$ Act. 131 This unaLidited Account we have prepar6d in accordance with th& figure. inlormaiion and explanation we have teNed from the management ol the current committee. AM ACC.'C)UNTANCI' %r.iiiiic'.rs AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONOON E14SA L(JND()N LI .ISk TEL.. 0.077906111 FAX.. O?(J 7790 SOJ) Date.. l u [,,/,, Page7of 12
MILE END BENGALI MUSLIM COMMUNITY ASSOCIATION Statement of Financial Activities Ilncome & Expense Statement) FOR THE YEAR ENDED 31 JULY 2024 2024 Total 2023 Notes Unièslri¢ted Restricted ncomlng Re50urce8 LBTH Grant Membership Fees Genaral Oonalions & Income Imasjkjl Tuition Fees Imaktabl 4,000 19,500 65,620 20,487 4,000 19.500 65.620 20.467 88.348 25.380 Total Incomin Resources 109.587 109,587 113.728 Resour¢e5 Expended Dlrect Charltable ExperFditure Printing, Postage, Stationery & Calender Telephone and intemet Rent Rates Irates & watert Light. Heat and Water Books and Materials Subscription I Charity Cleaning & Grocery ITIVVebsite Wages and Salaries Ipaye staff) Imam & Muajin Freelance Staff lrnaktabl Events and activities 2.C>12 415 6.913 2,745 2.746 77 2,011 415 6.913 2.745 2.746 77 403 10,369 2.231 3.448 230 250 4,467 5,003 252 4.335 24.393 23.981 660 5,003 252 4.335 24,393 23.981 860 13.1x14 12,695 23.795 1,000 Direr.I charitable ex enditure 73.531 73.531 72,497 Management & AdmlnistratSon Expenses.. Accountancy Insurance other Legal I Planning fees Depreciation Bank Charges airs etnent & Administration Ex 900 4r 2,000 2,042 553 7,678 13.579 900 406 2,000 2,042 553 7,678 13,579 900 40S 80 2.403 528 2,558 6.875 Mana enses. Total Resources Ex ended 87.110 87.110 79.372 Net lneoming Resources I (resources expendeill 22,477 22,477 34,3S6 Net Movement funds for the perlod: 22,477 22,477 34.356 Total Funds Brought forward 200,380 200,380 166,024 Balance at 31 Jul 2024 222,857 222,857 200 380 Pagè 8 tsf 12
MILE END BENGALI MUSLIM COMMUNITY ASSOCIATION Summary Income and Expenditure Account FOR THE YEAR ENDED 31 JULY 2024 2024 Notes Income Total expenditure Net Surplus (Defioll lor the financial year 109.587 87,110 22,477 There we no reco9nised 9ains other than those induded In the Income and Expenditu Account for current year Pa9e9of 12
MILE END BENGALI MUSLIM COMMUNITY ASSOCIATION Statement of Assets & Liabilities l Balance Sheeti As at 31 July 2024 2024 NOTE Fixed A$sets Fixtufe, Fittings and Equipment5 11.573 11,573 Current Assets Cash al Bank & in Hand 213.667 213.667 CLFrrent Liabillties Amount falling due lo one year Accruals 1.383 1.000 NET CURRENT ASSETS I ILIABILITIESI 211,284 TOTAL ASSETS LESS CURRENT LIABIUTIES 222,857 FUNDS.. Brought Forward 20CI,380 Ex$s1(Der1tI of Income c>ver expenditure 22,477 Total Funds 222,857 The financial ststement5 were approved by the Executive Committee and signed on their behalf." Mr Sanaur Rahman (Chair person) Mr Mohammed Hasan Mahmud (General Secretsryl Mr Ashab Ali ITreasurer) Date.. Date.. I Date.. The Notes lx pages 10 10 12 form part of the financial ststemenis. Page 100112
MILE END BENGALI MUSLIM COMMUNITY ASSOCIATION FOR THE YEAR ENDED 31 JULY 2024 NOTES TO THE ACCOUNTS 1. ACCOUNTING POLICIES Basis of Accounlrng B351s of accounling The Financial Slatemenls have been prepared under the historical cost convention, as modified by the revaluab.on of certain fixed assets and investsllents measured at market value. The Financial Stalernenis have been prepared in accordance with the Financial Reporting Standard lor Smaller Entities leffeclive January 20151. and the requirements of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities prepaiin9 their accounts In accordance with e Financial Repotbng Standard lor SMler Eniities leffeclive January 20151 ISORP 20151. b. Grants Revenue grants are credited to Ihe Income and Expenditure accDunt on a receivab basis. ¢. Donatlons Donation are recorded on a receipt basis. d. Incoming Resources Voluntary irFwme and donations are IncSuded in incoming resources when they are receivable. except when the donors specify that they must be used in future accounting periods or dontsrs, conditions have not beefi fulfilled, then the income is dèferred The income Irotn fundraising VentUS Is shown gr053. With the associated costs included in fundraising Costs. e. Resources Expended Resource5 expeniyed are included In the Statement ol Financial Activities on accruals basis. inclusive of any VAT that cannot be recoVed. Expenditure that is dire¢lly allributab16 10 specific activities has been illduded In these cost categones. Where costs are attributable to rnore than one activity, they have been apportioned acioss the cost categories on a basis consistent with the use of those SoUrCes. f. Going Conctrrn Ba8lS The financial statements have been prepared on the going concern basis, as in the opinion ol the trustees. there are no issues arising which would suggest any other basis as being more appropriate. g. Admlnisiraiion Costs Adtninistration expenditu Includes all expenditure not (Sirectty related lo the charitable activity. h. Depreclatlon.. Depreciation is calculated 50 as to write off the cost ol an asset, less its estimated iesidual value, over the useful economic life ol that asset as follows.. Fixture, Fith'ng and EqLtipmènt 15 Yo on ReduoThJ Balance method Page11of12
MILE END BENGALI MUSLIM COMMUNITY ASSOCIATION FOR THE YEAR ENDED 31 JULY 2024 NOTES TO THE ACCOUNTS 2. FIXED ASSETS COS7 Bu11n9 and Cijnstrurbo Imwovemenls Al 01 August 2023 Planl. Macthinery 8 Equipment Addilions Al 31 Juty 2024 13,615 13,815 13.615 13.615 OEPRE IATION Al 01 Augusi 2023 Charge for IhÈ year Al 31 July 2024 2,042 2,042 2.042 2,042 NET BOOK VALUE Al 01 A9$1 2023 Al 31 July 2024 13,615 11,573 13,615 11,573 Net Suiplus of the Flnaneial Year The excess ol expèndibjre over income is staled after charging.. 2024 Accountants, iemunerats'on Depreciation 900 2,042 Credltors an(5 Aeruals PAYE Accountancy 1.383 1,0(10 2.383 Fundslcapltal Balance at 31 July 2023 200.380 Balance al 1 August 2023 200,380 Excessl (Deficit) ol Income over Expenditu 22,477 8alance at 31 July 2024 222,857 Page 12of 12