**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| - 2 - ## **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 - 3 - ## **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 - 4 - ## **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 - 5 - **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| - 6 - ## **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| - 7 - **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| - 8 - **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| - 9 -