THE BANGLADESH ISLAMIC ASSOCIATION CHARITY ACCOUNTS (REG. NO.: 700659) FOR THE YEAR ENDED 31 DECEMBER 2021
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 2021
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 2021
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 2021 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 2021
| 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 |
2021 £ 33,172 (10,091) 23,081 8,884 3,888 10,851 2,485 744 20 200 18,188 13,777 |
2020 £ 22,132 - |
|---|---|---|
| 22,132 | ||
| 9,660 831 7,292 1,333 1,103 1,250 2,185 |
||
| 13,994 | ||
| 17,798 |
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THE BANGLADESH ISLAMIC ASSOCIATION BALANCE SHEET AS AT 31 DECEMBER 2021
| Notes Fixed assets Equipment, machinery and motor vehicles 3 Other fixed assets 4 Current assets Bank/building society balances Cash in hand Net current assets Loans due after more than one year Net assets Capital account Balance at start of period Net profit |
2021 £ 7,238 657,278 664,516 64,023 - 64,023 64,023 (5,000) 723,539 709,762 13,777 723,539 |
2020 £ 7,238 657,278 |
|---|---|---|
| 664,516 50,782 6,167 |
||
| 56,949 | ||
| 56,949 | ||
| - | ||
| 721,465 | ||
| 703,667 17,798 |
||
| 721,465 |
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THE BANGLADESH ISLAMIC ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
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 Rates Light and heat Property insurance Cleaning Repairs and renewals Repairs and maintenance Office administration costs Telephone and fax Stationery and printing Equipment expensed Professional fees Accountancy fees Consultancy fees Other business expenses Subscriptions Sundry expenses |
2021 £ 33,172 10,091 8,884 3,888 322 8,802 1,507 220 10,851 2,485 344 400 - 744 - 20 20 75 125 200 |
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 |
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THE BANGLADESH ISLAMIC ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
| 3 Plant, machinery and motor vehicles Cost At 1 January 2021 At 31 December 2021 Depreciation At 31 December 2021 Net book value At 31 December 2021 At 31 December 2020 4 Other fixed assets Premises (see note 5) 5 Premises Cost At 1 January 2021 Revaluations At 31 December 2021 Depreciation At 31 December 2021 Net book value At 31 December 2021 At 31 December 2020 |
2021 £ 657,278 657,278 |
Fixtures & fittings £ 7,238 |
|---|---|---|
| 7,238 | ||
| - | ||
| 7,238 | ||
| 7,238 | ||
| 2020 £ 657,278 |
||
| 657,278 | ||
| Land and buildings £ 671,528 (14,250) |
||
| 657,278 | ||
| - | ||
| 657,278 | ||
| 671,528 |
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