THE BANGLADESH ISLAMIC ASSOCIATION CHARITY ACCOUNTS (REG. NO.: 700659) FOR THE YEAR ENDED 31 DECEMBER 2020
THE BANGLADESH ISLAMIC ASSOCIATION CHARITY ACCOUNTS (REG. NO.: 700659) CONTENTS
| Page | |
|---|---|
| Business information | 3 |
| Approval of the accounts | 4 |
| Accountants' report | 5 |
| Profit and loss account | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8 |
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THE BANGLADESH ISLAMIC ASSOCIATION BUSINESS INFORMATION
Proprietor
Business address
Accountants
The Bangladesh Islamic Association 63 Mount Street Walsall WS1 3PL 63 Mount Street Walsall WS1 3PL
AA Accountancy (Midlands) Ltd 2 Bush Road Tipton West Midlands DY4 8LB
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THE BANGLADESH ISLAMIC ASSOCIATION APPROVAL OF THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020
I approve these accounts, comprising the Profit and Loss account, the Balance Sheet and the related notes. I confirm that I have made available all relevant records and information.
...............................................................
Mohammed Ashik Ali
24 June 2022
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THE BANGLADESH ISLAMIC ASSOCIATION ACCOUNTANTS' REPORT
Accountants' report on the unaudited accounts of The Bangladesh Islamic Association for the year ended 31 December 2020
In accordance with the terms of our engagement letter dated 20 June 2022, we have prepared for your approval the accounts for the year ended 31 December 2020 which comprise the Profit and Loss Account, the Balance Sheet and the related notes.
We have compiled these unaudited accounts from the accounting records, information and explanations that you have given us.
AA Accountancy (Midlands) Ltd
2 Bush Road Tipton West Midlands DY4 8LB
24 June 2022
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THE BANGLADESH ISLAMIC ASSOCIATION PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020
| Turnover Cost of sales Gross profit Other business income Expenses Wages, salaries and other staff costs Rent, rates, power and insurance costs Repairs and renewals of property and equipment Phone, fax, stationery and other office costs Accountancy, legal and other professional fees Other business expenses Profit |
2020 £ 22,132 - 22,132 9,660 831 7,292 1,333 1,103 1,250 2,185 13,994 17,798 |
2019 £ 43,412 (16,971) |
|---|---|---|
| 26,441 | ||
| - 4,729 8,561 570 232 325 1,201 |
||
| 15,618 | ||
| 10,823 |
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THE BANGLADESH ISLAMIC ASSOCIATION BALANCE SHEET AS AT 31 DECEMBER 2020
| Notes Fixed assets Equipment, machinery and motor vehicles 3 Other fixed assets 4 Current assets Bank/building society balances Cash in hand Current liabilities Other liabilities and accruals Net current assets Loans due after more than one year Net assets Capital account Balance at start of period Net profit |
2020 £ 7,238 657,278 664,516 50,782 6,167 56,949 - 56,949 - 721,465 703,667 17,798 721,465 |
2019 £ 7,238 671,528 |
|---|---|---|
| 678,766 39,151 - |
||
| 39,151 | ||
| 1,250 | ||
| 37,901 | ||
| (13,000) | ||
| 703,667 | ||
| 692,844 10,823 |
||
| 703,667 |
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THE BANGLADESH ISLAMIC ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020
1 Accounting policies
Accounting basis
The accounts have been prepared under the historical cost convention and in accordance with UK Generally Accepted Accounting Practice.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
2 Profit and loss account analysis
| Profit and loss account analysis Turnover Fees Cost of sales Other direct costs Other business income Other income Wages, salaries and other staff costs Wages and salaries Premises costs Rent Rates Light and heat Property insurance Repairs and renewals Repairs and maintenance Office administration costs Telephone and fax Equipment expensed Professional fees Accountancy fees Other legal and professional costs Other business expenses Subscriptions Sundry expenses |
2020 £ 22,132 - 9,660 831 - 382 5,464 1,446 7,292 1,333 253 850 1,103 1,250 - 1,250 75 2,110 2,185 |
2019 £ 43,412 16,971 - 4,729 8,561 - - - |
|---|---|---|
| 8,561 | ||
| 570 232 - |
||
| 232 | ||
| 250 75 |
||
| 325 | ||
| - 1,201 |
||
| 1,201 |
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THE BANGLADESH ISLAMIC ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020
| 3 Plant, machinery and motor vehicles Cost At 1 January 2020 At 31 December 2020 Depreciation At 31 December 2020 Net book value At 31 December 2020 At 31 December 2019 4 Other fixed assets Premises (see note 5) 5 Premises Cost At 1 January 2020 Revaluations At 31 December 2020 Depreciation At 31 December 2020 Net book value At 31 December 2020 At 31 December 2019 |
2020 £ 657,278 657,278 |
Fixtures & fittings £ 7,238 |
|---|---|---|
| 7,238 | ||
| - | ||
| 7,238 | ||
| 7,238 | ||
| 2019 £ 671,528 |
||
| 671,528 | ||
| Land and buildings £ 671,528 (14,250) |
||
| 657,278 | ||
| - | ||
| 657,278 | ||
| 671,528 |
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