**BANGLADESH ISLAMIC CENTRE ST ALBANS**
## Charity Number: 285054
## Financial Statements
For the Year Ended 31 December 2021
77 Hatfield Road St Albans, Herts, AL1 4JL
**BANGLADESH ISLAMIC CENTRE ST ALBANS**
## Financial Statements
## For the year ended 31 December 2021
||Contents||
|---|---|---|
|||Page(s)|
|||1|
|Title Page|||
|Contents Page||2|
|Board of Trustees||3|
|Management Committee Summary||4|
|Notes to Financial Statements||5-6|
|Statement of Financial Activities||7-8|
|Balance Sheet||9|
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**BANGLADESH ISLAMIC CENTRE ST ALBANS**
## **Committee 2021**
**Mohammed Shirazul Islam Choudhury (President)**
**Muhammad Abdur Rahim (Vice President) Mohammed Mortuza (General Secretary) Mohammed Anam (Assistant Secretary) Tafajjul Hussain (Treasurer) Faisal Ahmad (Assistant Treasurer)**
Fazlul Haque Choudhury Latifur Rahman Choudhury Adbul Ohid Choudhury Emran Choudhury Ali Ashraf Choudhury Nur Uddin Choudhury Bulbul Millat Hossen Chowdhury Abdus Sohid Chowdhury Mosobbir Ahmed Mohammed Intaz Ali Md Aminul Islam Mohammed Khala Miah Babul Islam Mohammed Abdul Latif Shahed
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**BANGLADESH ISLAMIC CENTRE ST ALBANS**
## **Management Committee Summary**
This is the second report since the appointment of trustees by the members of the Centre on 22[nd] September 2019. This report contains the Centre's financial activities starting from 1[st] January 2021 to 31[st] December 2021. This was prepared for submission to the Charity Commission.
Due to the conflict and unforeseen during the COVID-19 national closer of all religious premises the custodian trustees and their supporters had forcefully taken control of the charity since 1[st] July 2020 and kept all elected trustees out from any activities in that premises.
With the suggestion from Charity Commission and on recommendation from Hertfordshire Constabulary and local authority the board of trustees have tried all possible revenue for mediation but failed.
On recommendation from the High Court the board of trustees had no other choice to resolve this issue rather than legal proceeding.
As the charity has been running by the interim management during 2021.
This account is submitted with base of information provided by the interim management. Once everything has been scrutinized we will update information to the Charity Commission accordingly.
JAZAKALLAHU KHAIRAN FOR YOUR DONATIONS AND SUPPORT.
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**BANGLADESH ISLAMIC CENTRE ST ALBANS**
## **Receipts and Payments Accounts**
## **For the year ended 31[st] December 2021**
## Notes to financial statements
## 1. Accounting policies
## (a) Basis of preparation
The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2005) issued in 2005 and applicable UK Accounting Standards and the Charities Act 1993.
- (b) Funds structure
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the terms of a specific appeal at any time and under the terms for public collection of Zakat in accordance with the teachings of Islam.
- (c) Incoming resources
All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of donations at Friday prayers and grants, and is included in full in the statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Incoming resources from grants, where there are performances or services deliverables required by the terms of the grant, are accounted for as the charity earns the right to payment through its performance. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided are in the nature of professional services where a fee would otherwise be charged, in which the donated service is valued at their chargeable rate. Investment income is included when receivable. Incoming resources from charitable trading activity is accounted for when earned.
- (d) Resources expended
Liabilities are recognized as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for an accruals basis and has been classified under headings that aggregate all costs related to the category.
## (e) Irrecoverable VAT
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## **BANGLADESH ISLAMIC CENTRE ST ALBANS**
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
- (f) Allocation of overhead and support costs
- Supports costs include administrative cost for charitable activities.
- (g) Charitable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both the direct pay and non-pay costs and support costs relating to those activities.
- (h) Tangible fixed assets and depreciation
- All assets costing more than £500 are capitalised and at historic cost. Fixed assets are stated at cost less accumulated depreciation. The freehold property is valued at historic cost and it is not depreciated.
2. Related party transactions and trustees’ remuneration
The trustees received nil remuneration during the year.
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## **BANGLADESH ISLAMIC CENTRE ST ALBANS**
## **Receipts and Payments Accounts Receipts and payments At the year ended 31[st] December 2021**
|**Unrestricted funds**
**A1 Receipts**
Collections
Donation Received
Grant Received
Rental Income
**A2 Assets and Investment Sales**
Scanner sale
**A3 Payments**
Wages and Salaries
HM Revenue & Customs
Gas & Electric
Water Rates
Telephone
Radio Licence
Hadia
Council Tax
Scanner Purchase
Funeral Car Expense
Legal Fees
Carpet Fitter
waste Expense
Professional fees
Repair and Maintenance
Palestine Donation
Fire Guard Service
Miscellaneous
Security Expense
**Net of receipts/(payments) for the year**
A6 Cash funds last year-end|**£**
**£**
_£_
_£_
74,231
_10,937_
6,602
_2,990_
0
_13,200_
13,980
_10,100_
94,813
_37,227_
1,680
23,540
_17,100_
_2,949_
9,760
_4,305_
83
_1,622_
293
_412_
100
_0_
5,960
_2,182_
1,173
_0_
1,000
_0_
523
_231_
36,742
_11,170_
10,000
_0_
750
_0_
750
_0_
1,866
_0_
1,475
_0_
504
_0_
1,940
_7,170_
32,460
_0_
_0_
(128,919)
_(47,141)_
**(32,426)**
**(9,914)**
53,010
62,924
**20,584**
**53,010**
**2021**
**2020**|**£**
**£**
_£_
_£_
74,231
_10,937_
6,602
_2,990_
0
_13,200_
13,980
_10,100_
94,813
_37,227_
1,680
23,540
_17,100_
_2,949_
9,760
_4,305_
83
_1,622_
293
_412_
100
_0_
5,960
_2,182_
1,173
_0_
1,000
_0_
523
_231_
36,742
_11,170_
10,000
_0_
750
_0_
750
_0_
1,866
_0_
1,475
_0_
504
_0_
1,940
_7,170_
32,460
_0_
_0_
(128,919)
_(47,141)_
**(32,426)**
**(9,914)**
53,010
62,924
**20,584**
**53,010**
**2021**
**2020**|
|---|---|---|
||**£**
74,231
6,602
0
13,980|_£_
_37,227_
_(47,141)_|
||23,540
9,760
83
293
100
5,960
1,173
1,000
523
36,742
10,000
750
750
1,866
1,475
504
1,940
32,460||
||||
|||**(9,914)**|
|||62,924|
||||
|||**53,010**|
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**BANGLADESH ISLAMIC CENTRE ST ALBANS**
## **Receipts and Payments Accounts Statement of Assets and Liabilities At the year ended 31[st] December 2021**
|**Note**
**Unrestricted funds**
**B1 Cash funds**
Cash at bank and in hand
**B4 Assets retained for the Charity's own use**
Freehold property
**B5 Liabilities**
Karz-e-Hasana|**£**
**£**
_£_
_£_
20,584
_53,010_
331,890
_331,890_
**2021**
_2020_|
|---|---|
Approved by the trustees on date and signed on their behalf by:
…………………………... ……… …………… Muhammad Abdur Rahim Tafajjul Hussain (Vice President) (Treasurer)
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**BANGLADESH ISLAMIC CENTRE ST ALBANS**
## **Receipts and Payments Accounts Notes to the receipts and payments Accounts For the year ended 31[st] December 2021**
|**1) Collections, Donation & Other Income**
B/F balance from 31st December 2020
Fridays Collections
Rental Income
Eid-ul-Fitr and Eid-ul-Adha Collections
Direct Credit & Standing Order Donations
Board Members Donations
Taraweeh Hafiz Collections
Laila-tul Barat & Laila-tul Qadar Collections
Other donations
Collection for Carpets
Scanner Sales
Collection for Palestine
Funeral Donations
**2) Expenses**
Imam's hadia
Eid Hadia for Imam
Hadia for Hafiz
Gas & Electricity
Council tax for 75 Hatfield Road
Water Bill
Scanner
Telephone
Fire Guard Services
Waste Bill
Funeral Car Tax and Insurance
Radio Licence
Carpet Fitted
Repair & maintenance
Palestine Donation
Legal Expenses
Professional Mediation Fees
Sundry Expenses
Security Services
Balance at 31st December 2021|**£**
**£**
53,010
42,966
13,980
5,480
1,297
2,760
4,060
720
845
19,530
1,680
1,475
1,700
96,493
23,540
900
5,060
9,760
1,173
83
1,000
293
504
750
523
100
10,000
1,866
1,475
36,742
750
1,940
32,460
128,919
20,584
**2021**|
|---|---|
**The balance as at 31 December 2021 is based on movements during 2020 and on enquiries of the known donors. The balance may have to be adjusted in the future should new donors come forward with proven claim, or if further donors come forward to inform that their claim has been satisfied.**
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