**BANGLADESH ISLAMIC CENTRE ST ALBANS**
## Charity Number: 285054
## Financial Statements
For the Year Ended 31 December 2022
77 Hatfield Road St Albans, Herts, AL1 4JL
**BANGLADESH ISLAMIC CENTRE ST ALBANS**
## Financial Statements
## For the year ended 31 December 2022
||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 2022**
**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 third report since the appointment of trustees by the members of the Centre on 22"d September 2019. This report contains the Centre's financial activities starting from 1[st] January 2022 to 31[st] December 2022. 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 July 2020 and kept all elected trustees out from any activities in that premises.
With the suggestion from the 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.
On 4[th] October 2022 the High Court ordered the custodian trustees and interim management to transfer all belongings of this charity to those elected trustees by 4pm on 12[th] October 2022 and elected trustees has been in control of running the charity since 12[th] October 2022.
As the charity has been running by the interim management during 2022.
This account is submitted with the base of information provided by the interim management. Once everything has been scrutinized, we will update the 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 2022**
## 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.
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**BANGLADESH ISLAMIC CENTRE ST ALBANS**
- (e) Irrecoverable VAT
- 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 2022**
|**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
Insurance
Hadia
Council Tax
Scanner Purchase
Funeral Car Expense
Legal Fees
Carpet Fitter
waste Expense
Professional fees
Repair and Maintenance
Donation
Fire Guard Service
Air Condition Service
Miscellaneous
Security Expense
**Net of receipts/(payments) for the year**
A6 Cash funds last year-end|**2022**|**2022**|**2021**|**2021**|
|---|---|---|---|---|
||**£**
50,526
18,735
14200
26,230
690
7,887
337
100
1,106
5,955
2,392
1,100
0
27,676
1,340
713
654
348
1,406
22,020|**£**
**83,461**
1,020
99,954|_£_
_£_
74,231
6,602
13,980
**_94,813_**
1,680
23,540
0
9,760
83
293
100
0
5,960
1,173
1,000
523
36,742
10,000
750
750
1,866
1,475
504
1,940
32,460
_(128,919)_
**(32,426)**
**53,010**
**20,584**||
||||||
|||**(15,473)**||**(32,426)**|
|||**20,584**||**53,010**|
||||||
|||**5,111**||**20,584**|
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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 2022**
|**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|**£**
**£**
_£_
_£_
5,111
_20,584_
331,890
_331,890_
**2022**
**2021**|
|---|---|
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 2022**
|||**2022**||
|---|---|---|---|
||**£**||**£**|
|**1) Collections, Donation & Other Income**||||
|B/F balance from 31st December 2021||20,584||
|Fridays Collections|40,548|||
|Rental Income|14,200|||
|Eid-ul-Fitr and Eid-ul-Adha Collections|4,310|||
|Taraweeh Hafiz Collections|4,000|||
|Direct Credit & Standing Order Donations|625|||
|Laila-tul barat and Laila-tul qadr collections|955|||
|Funeral Donation|1,900|||
|Scanner Sales|1,020|||
|Fundraising Appeal|10,790|||
|Sylhet Flood Collection|713|||
|Board Members Donations|5,180|||
|Marrige registration Donation|240|||
|**Total**||**84,481**||
|**2) Expenses**||||
|Imam's hadia|26,230|||
|Hadia from Maktab Classes|1,005|||
|Eid Hadia for Imam|600|||
|Taraweeh Hadia for Hafiz|4,000|||
|Hadia for guest speaker|350|||
|Gas & Electricity Bills|7,887|||
|Water Bills|337|||
|Council tax for 75 Hatfield Road|2,392|||
|Scanner buy|1,100|||
|Building Insurance|1,106|||
|Fire Guard Services|654|||
|Sylhet Food Donations|713|||
|Repair & maintenance|1,340|||
|Radio Licence|100|||
|Sundry Expenses|1,406|||
|HMRC|690|||
|Air Condition Services|348|||
|Legal Expenses|27,676|||
|Security Service|22,020|||
|**Total**||**99,954**||
|**Balance at 31st December 2022**||**5,111**||
The balance as at 31 December 2022 is based on movements during 2021 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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