REGISTERED CHARITY NUMBER: 700654
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2022
for
West Bromwich Bangladesh Muslim Welfare Association Islamic Centre
Doc ID: bb9777733766112142cf5248389129e985144494
West Bromwich Bangladesh Muslim Welfare Association Islamic Centre
Contents of the Financial Statements for the Year Ended 31 March 2022
| 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 11 |
| Detailed Statement of Financial Activities | 12 |
Doc ID: bb9777733766112142cf5248389129e985144494
West Bromwich Bangladesh Muslim Welfare Association Islamic Centre
Report of the Trustees for the Year Ended 31 March 2022
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. 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
The aims of objectives of the charity is the advancement of the religion of Islam. The advancement of the education of the Bangladesh Muslim community particularly of the children and young persons and teaching the Quran to young children.
The charity provides welfare and advice services to the wider community in order to improve their quality of life. It also organises cultural and social activities as required to fulfil its objects.
ACHIEVEMENT AND PERFORMANCE
Fundraising activities
The charity undertook a fundraising campaign in the year before and again the charity has been successful in a further TV appeal in the post year-end period to raise funds for the new Mosque building project.
The charity is strengthening the local community through their improvement plan and is committed to sustainable development and management practices to support and enhance the project in all areas of the organisation.
FUTURE PLANS
The charity continued its day to day services to the community and 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.
Organisational structure
The organisation was registered as a charity on 29 September 1988. The charity is tightly controlled by its board of Trustees. A management committee meets regularly to review the activities of the charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
700654
Principal address
67 Dartmouth Street West Bromwich West Midlands B70 8BZ
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Doc ID: bb9777733766112142cf5248389129e985144494
West Bromwich Bangladesh Muslim Welfare Association Islamic Centre
Report of the Trustees for the Year Ended 31 March 2022
Trustees Mr A K M Asaduzzaman Chairman Mr S S Miah Trustee Mr Misba Ahmed Trustee Mr Surab Ali Trustee Mr Ansar Miah Trustee
Independent examiner
Mr Asad Rajabali ACA ICAEW Reg. No. 2846676 A To Z Accountants 44-45 Calthorpe Road Edgbaston Birmingham West Midlands B15 1TH
OPERATING AND FINANCIAL REVIEW
Total incoming resources in the year amounted to £78,857 (2021: £51,889) with a net surplus of £31,502 (2021: £12,084 surplus) and the total funds was £760,235 (2021: £728,733) at the year end.
The charity hopes to continue with its fundraising campaign in the coming year in order to improve services and fulfil its objects.
Approved by order of the board of trustees on 21 December 2022 and signed on its behalf by:
Mr A K M Asaduzzaman - Trustee
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Doc ID: bb9777733766112142cf5248389129e985144494
Independent Examiner's Report to the Trusteesof West Bromwich Bangladesh Muslim Welfare
Association Islamic Centre
Independent examiner's report to the trustees of West Bromwich Bangladesh Muslim Welfare Association Islamic Centre
I report to the charity trustees on my examination of the accounts of West Bromwich Bangladesh Muslim Welfare Association Islamic Centre (the Trust) for the year ended 31 March 2022.
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.
Mr Asad Rajabali ACA ICAEW Reg. No. 2846676 A To Z Accountants 44-45 Calthorpe Road Edgbaston Birmingham West Midlands B15 1TH
21 December 2022
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Doc ID: bb9777733766112142cf5248389129e985144494
West Bromwich Bangladesh Muslim Welfare Association Islamic Centre
Statement of Financial Activities
for the Year Ended 31 March 2022
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities 2 Investment income 3 Total EXPENDITURE ON Raising funds Charitable activities Education Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 78,857 - - 78,857 1,295 46,060 47,355 31,502 728,733 760,235 |
31.3.22 Restricted Total funds funds £ £ - 78,857 - - - - - 78,857 - 1,295 - 46,060 - 47,355 - 31,502 - 728,733 - 760,235 |
31.3.21 Total funds £ 43,839 2,550 5,500 |
|---|---|---|---|
| 51,889 | |||
| 755 39,050 |
|||
| 39,805 | |||
| 12,084 716,649 |
|||
| 728,733 |
The notes form part of these financial statements
Page 4
Doc ID: bb9777733766112142cf5248389129e985144494
West Bromwich Bangladesh Muslim Welfare Association Islamic Centre
Balance Sheet
31 March 2022
| FIXED ASSETS Notes Tangible assets 7 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 9 NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS |
Unrestricted fund £ 709,409 72,496 - 72,496 781,905 (21,670) 760,235 |
Restricted funds £ - - - - - - - |
31.3.22 Total funds £ 709,409 72,496 - 72,496 781,905 (21,670) 760,235 760,235 760,235 |
31.3.21 Total funds £ 670,902 82,021 (450) 81,571 |
|---|---|---|---|---|
| 752,473 (23,740) |
||||
| 728,733 728,733 728,733 |
The financial statements were approved by the Board of Trustees and authorised for issue on 21 December 2022 and were signed on its behalf by:
Mr A K M Asaduzzaman - Trustee
Mr S S Miah - Trustee
The notes form part of these financial statements
Page 5
Doc ID: bb9777733766112142cf5248389129e985144494
West Bromwich Bangladesh Muslim Welfare Association Islamic Centre
Notes to the Financial Statements
for the Year Ended 31 March 2022
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not depreciated
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.
continued...
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West Bromwich Bangladesh Muslim Welfare Association Islamic Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
2. OTHER TRADING ACTIVITIES
| 2. | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|
| 31.3.22 | 31.3.21 | ||
| £ | £ | ||
| Membership fees | - | 2,550 | |
| 3. | INVESTMENT INCOME | ||
| 31.3.22 | 31.3.21 | ||
| £ | £ | ||
| Rents received | - | 5,500 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
31.3.22 31.3.21
No employees received emoluments in excess of £60,000.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Unrestricted fund £ 43,839 Other trading activities 2,550 Investment income 5,500 Total 51,889 EXPENDITURE ON Raising funds 755 Charitable activities Education 39,050 Total 39,805 |
Restricted Total funds funds £ £ - 43,839 - 2,550 - 5,500 - 51,889 - 755 - 39,050 - 39,805 |
|---|---|
continued...
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West Bromwich Bangladesh Muslim Welfare Association Islamic Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
| 6. | 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 | Restricted | Total | ||
| fund | funds | funds | ||
| £ | £ | £ | ||
| NET INCOME | 12,084 | - | 12,084 | |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 716,649 | - | 716,649 | |
| TOTAL FUNDS CARRIED | ||||
| FORWARD | 728,733 | - | 728,733 | |
| 7. | TANGIBLE FIXED ASSETS | |||
| Fixtures | ||||
| Freehold | and | |||
| property | fittings | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 April 2021 | 668,864 | 5,405 | 674,269 | |
| Additions | - | 45,662 | 45,662 | |
| At 31 March 2022 | 668,864 | 51,067 | 719,931 | |
| DEPRECIATION | ||||
| At 1 April 2021 | - | 3,367 | 3,367 | |
| Charge for year | - | 7,155 | 7,155 | |
| At 31 March 2022 | - | 10,522 | 10,522 | |
| NET BOOK VALUE | ||||
| At 31 March 2022 | 668,864 | 40,545 | 709,409 | |
| At 31 March 2021 | 668,864 | 2,038 | 670,902 |
continued...
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Doc ID: bb9777733766112142cf5248389129e985144494
West Bromwich Bangladesh Muslim Welfare Association Islamic Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|
| 31.3.22 | 31.3.21 | |||
| £ | £ | |||
| Other creditors | - | 450 | ||
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | |||
| 31.3.22 | 31.3.21 | |||
| £ | £ | |||
| Other creditors | 21,670 | 23,740 | ||
| 10. | MOVEMENT IN FUNDS | Net | ||
| movement | At | |||
| At 1/4/21 | in funds | 31/3/22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 728,733 | 31,502 | 760,235 | |
| TOTAL FUNDS | 728,733 | 31,502 | 760,235 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 78,857 | (47,355) | 31,502 | |
| TOTAL FUNDS | 78,857 | (47,355) | 31,502 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1/4/20 | in funds | 31/3/21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 716,649 | 12,084 | 728,733 | |
| TOTAL FUNDS | 716,649 | 12,084 | 728,733 |
continued...
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Doc ID: bb9777733766112142cf5248389129e985144494
West Bromwich Bangladesh Muslim Welfare Association Islamic Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | infunds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 51,889 | (39,805) | 12,084 |
| TOTAL FUNDS | 51,889 | (39,805) | 12,084 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1/4/20 £ 716,649 716,649 |
Net movement in funds £ 43,586 43,586 |
At 31/3/22 £ 760,235 760,235 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | infunds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 130,746 | (87,160) | 43,586 |
| TOTAL FUNDS | 130,746 | (87,160) | 43,586 |
continued...
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Doc ID: bb9777733766112142cf5248389129e985144494
West Bromwich Bangladesh Muslim Welfare Association Islamic Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
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Doc ID: bb9777733766112142cf5248389129e985144494
West Bromwich Bangladesh Muslim Welfare Association Islamic Centre
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
| 31.3.22 | 31.3.21 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 71,279 | 34,121 |
| Grants | 7,578 | 9,718 |
| 78,857 | 43,839 | |
| Other trading activities | ||
| Membership fees | - | 2,550 |
| Investment income | ||
| Rents received | - | 5,500 |
| Total incoming resources | 78,857 | 51,889 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Printing, Postage & stationery | 1,295 | 755 |
| Charitable activities | ||
| Wages | 22,703 | 22,219 |
| Rates and water | 1,886 | 1,116 |
| Light and heat | 8,656 | 8,042 |
| Repairs and maintenance | - | 1,800 |
| Insurance | 2,578 | 1,405 |
| Telephone | 522 | - |
| Professional fees | 144 | - |
| Other charitable expense | - | 2,098 |
| Equipment expensed | 1,912 | 1,056 |
| 38,401 | 37,736 | |
| Support costs | ||
| Finance | ||
| Depreciation of tangible fixed assets | 7,155 | 360 |
| Governance costs | ||
| Accountancy and legal fees | 504 | 954 |
| Total resources expended | 47,355 | 39,805 |
| Net income | 31,502 | 12,084 |
This page does not form part of the statutory financial statements
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Doc ID: bb9777733766112142cf5248389129e985144494
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