**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| - 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 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 - 4 - ## **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 - 5 - **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| - 6 - ## **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| - 7 - **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: - 8 - **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| - 9 - **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| - 10 -