THE BANGLADESH ISLAMIC ASSOCIATION CHARITY ACCOUNTS (REG. NO.: 700659) FOR THE YEAR ENDED 31 DECEMBER 2022
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 2022
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.
...............................................................
The Bangladesh Islamic Association
23 October 2023
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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 2022
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 2022 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
23 October 2023
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THE BANGLADESH ISLAMIC ASSOCIATION PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022
| 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 Advertising and business entertainment costs Accountancy, legal and other professional fees Other business expenses Profit |
2022 £ 40,297 (14,365) 25,932 16,062 7,945 10,714 4,534 379 1,800 535 563 26,470 15,524 |
2021 £ 33,172 (10,091) |
|---|---|---|
| 23,081 | ||
| 8,884 3,888 10,851 2,485 744 - 20 200 |
||
| 18,188 | ||
| 13,777 |
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THE BANGLADESH ISLAMIC ASSOCIATION BALANCE SHEET AS AT 31 DECEMBER 2022
| Notes Fixed assets Equipment, machinery and motor vehicles 3 Other fixed assets 4 Current assets Bank/building society balances Net current assets Loans due after more than one year Net assets Capital account Balance at start of period Net profit |
2022 £ 7,238 652,283 659,521 79,542 79,542 - 739,063 723,539 15,524 739,063 |
2021 £ 7,238 657,278 |
|---|---|---|
| 664,516 64,023 |
||
| 64,023 | ||
| (5,000) | ||
| 723,539 | ||
| 709,762 13,777 |
||
| 723,539 |
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THE BANGLADESH ISLAMIC ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
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.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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THE BANGLADESH ISLAMIC ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
| 2 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 Advertising and entertaining Entertaining Professional fees Solicitors fees Consultancy fees Other business expenses Subscriptions Sundry expenses |
2022 £ 40,297 14,365 16,062 7,945 574 8,154 1,666 320 10,714 4,534 379 - 379 1,800 535 - 535 75 488 563 |
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 |
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THE BANGLADESH ISLAMIC ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
| 3 Plant, machinery and motor vehicles Cost At 1 January 2022 At 31 December 2022 Depreciation At 31 December 2022 Net book value At 31 December 2022 At 31 December 2021 4 Other fixed assets Premises (see note 5) 5 Premises Cost At 1 January 2022 Revaluations At 31 December 2022 Depreciation At 31 December 2022 Net book value At 31 December 2022 At 31 December 2021 |
2022 £ 652,283 652,283 |
Fixtures & fittings £ 7,238 |
|---|---|---|
| 7,238 | ||
| - | ||
| 7,238 | ||
| 7,238 | ||
| 2021 £ 657,278 |
||
| 657,278 | ||
| Land and buildings £ 657,278 (4,995) |
||
| 652,283 | ||
| - | ||
| 652,283 | ||
| 657,278 |
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