**REGISTERED CHARITY NUMBER: 1004358** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31 March 2023** ## **for** **PRESTON HANFI SUNNI MUSLIM SOCIETY (MASJID-E-AQSA)** SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU **PRESTON HANFI SUNNI MUSLIM SOCIETY (MASJID-E-AQSA)** ## **Contents of the Financial Statements FOR THE YEAR ENDED 31 MARCH 2023** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|2| |**Independent Examiner's Report**||3|| |**Statement of Financial Activities**||4|| |**Balance Sheet**||5|| |**Notes to the Financial Statements**|6|to|10| |**Detailed Statement of Financial Activities**|11|to|12| ## **PRESTON HANFI SUNNI MUSLIM SOCIETY** ## **(MASJID-E-AQSA)** ## **Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023** The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). The charity is governed by the Trustees in accordance with the charity's constitution (available to any member of the mosque on request). In order to carry out the day to day running of the Mosque, the Trustees manage all the Charity affairs with support from volunteers within the Community. Whilst this is not what the constitution states, the Trustees currently need to make sure the Charity remains compliant with the necessary laws and regulations. Some elements of the constitution are 'out of date' and this needs addressing at some point in the future. In the meantime, the priority for the Trustees is to remain compliant in all known and required aspects. Volunteers help with various duties, including but not limited to: 1 - Opening / Closing of the premises 2 - General maintenance and cleaning 3 - Admin and accounts 4 - Madrassah management 5 - Other duties as and when requested The current operating model will remain in place until such time that an Executive Committee is formed and includes the required capabilities to manage the Charity affairs on a day to day basis. ## **OBJECTIVES AND ACTIVITIES Objectives and aims** Trustee Objectives 1 - Refurbishment work (Phase 1) - The work will be completed by April 2024, delivering a new floor (loft conversion), ground floor extension as per the agreed plan and a new entrance in Dundonald Street 2 - Madrassah education improvements, including new syllabus and teaching structure 3 - Pay off at least £100k of the outstanding debt (YMCA Purchase) by March 2025 ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1004358 ## **Principal address** 95-99 Fishwick Parade Preston PR1 4XR ## **Trustees** Mohammed Naeem Din Shahid Hussain Mohammed Tayyub Ali Page 1 ## **PRESTON HANFI SUNNI MUSLIM SOCIETY (MASJID-E-AQSA)** ## **Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023** ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Independent Examiner** SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU Approved by order of the board of trustees on 29 January 2024 and signed on its behalf by: Shahid Hussain - Trustee Page 2 **Independent Examiner's Report to the Trustees of Preston Hanfi Sunni Muslim Society (Masjid-E-Aqsa)** ## **Independent examiner's report to the trustees of Preston Hanfi Sunni Muslim Society (Masjid-E-Aqsa)** I report to the charity trustees on my examination of the accounts of Preston Hanfi Sunni Muslim Society (Masjid-E-Aqsa) (the Trust) for the year ended 31 March 2023. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ## Shamim Mahomed SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU 29 January 2024 Page 3 ## **PRESTON HANFI SUNNI MUSLIM SOCIETY** ## **(MASJID-E-AQSA)** ## **Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2023** |2023
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
97,978
**Charitable activities**
Provision
37,848
Investment income
2
13,493
**Total**
149,319
**EXPENDITURE ON**
**Charitable activities**
Provision
96,381
**NET INCOME**
52,938
**RECONCILIATION OF FUNDS**
Total funds brought forward
587,130
**TOTAL FUNDS CARRIED FORWARD**
640,068|2022
Total
funds
£
62,912
33,096
4,012| |---|---| ||100,020| ||69,493| ||30,527
556,603| ||587,130| The notes form part of these financial statements Page 4 ## **PRESTON HANFI SUNNI MUSLIM SOCIETY** ## **(MASJID-E-AQSA)** ## **Balance Sheet 31 MARCH 2023** |Notes
**FIXED ASSETS**
Tangible assets
6
**CURRENT ASSETS**
Debtors
7
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
8
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
9
Unrestricted funds
**TOTAL FUNDS**|2023
Unrestricted
fund
£
603,462
4,319
124,579
128,898
(92,292)
36,606
640,068
640,068
640,068
640,068|2022
Total
funds
£
507,235
-
221,536
221,536
(141,641)
79,895
587,130
587,130
587,130
587,130| |---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 29 January 2024 and were signed on its behalf by: Shahid Hussain - Trustee The notes form part of these financial statements Page 5 **PRESTON HANFI SUNNI MUSLIM SOCIETY** **(MASJID-E-AQSA)** ## **Notes to the Financial Statements FOR THE YEAR ENDED 31 MARCH 2023** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures & Fittings - 15% reducing balance Books in Library - 15% reducing balance Computer Equipment - 33% reducing balance ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 6 continued... ## **PRESTON HANFI SUNNI MUSLIM SOCIETY** ## **(MASJID-E-AQSA)** ## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2023** ## **2. INVESTMENT INCOME** |Rents received
Deposit account interest|2023
£
13,012
481
13,493|2022
£
4,000
12| |---|---|---| |||4,012| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. ## **4. STAFF COSTS** The average monthly number of employees during the year was as follows: |Employees
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Provision
Investment income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Provision
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward|2023
2022
1
1
Unrestricted
fund
£
62,912
33,096
4,012
100,020
69,493
30,527
556,603|2023
2022
1
1
Unrestricted
fund
£
62,912
33,096
4,012
100,020
69,493
30,527
556,603| |---|---|---| |||100,020| |||69,493| |||30,527
556,603| ## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** continued... Page 7 **PRESTON HANFI SUNNI MUSLIM SOCIETY** **(MASJID-E-AQSA)** ## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2023** ## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued** ||Unrestricted| |---|---| ||fund| ||£| |**TOTAL FUNDS CARRIED FORWARD**|587,130| |**6.**
**TANGIBLE FIXED ASSETS**
Freehold
Books in
property
Library
£
£
**COST**
At 1 April 2022
499,775
5,219
Additions
96,785
-
At 31 March 2023
596,560
5,219
**DEPRECIATION**
At 1 April 2022
-
3,935
Charge for year
-
193
At 31 March 2023
-
4,128
**NET BOOK VALUE**
At 31 March 2023
596,560
1,091
At 31 March 2022
499,775
1,284
**7.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors|Fixtures
and
fittings
£
42,462
-
42,462
36,647
872
37,519
4,943
5,815|Computer
equipment
£
4,430
-
4,430
4,069
(507)
3,562
868
361
2023
£
4,319|Totals
£
551,886
96,785| |---|---|---|---| ||||648,671| ||||44,651
558| ||||45,209| ||||603,462| ||||507,235| ||||2022
£
-| continued... Page 8 **PRESTON HANFI SUNNI MUSLIM SOCIETY** **(MASJID-E-AQSA)** ## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2023** ## **8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Trade creditors
Other creditors
**9.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1/4/22
£
587,130
587,130
Incoming
resources
£
149,319
149,319
At 1/4/21
£
556,603
556,603|2023
2022
£
£
2
1
92,290
141,640
92,292
141,641
Net
movement
At
in funds
31/3/23
£
£
52,938
640,068
52,938
640,068
Resources
Movement
expended
in funds
£
£
(96,381)
52,938
(96,381)
52,938
Net
movement
At
in funds
31/3/22
£
£
30,527
587,130
30,527
587,130| |---|---|---| continued... Page 9 ## **PRESTON HANFI SUNNI MUSLIM SOCIETY** ## **(MASJID-E-AQSA)** ## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2023** ## **9. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |Incoming
resources
£
**Unrestricted funds**
General fund
100,020
**TOTAL FUNDS**
100,020
A current year 12 months and prior year 12 months combined position is as follows:
At 1/4/21
£
**Unrestricted funds**
General fund
556,603
**TOTAL FUNDS**
556,603|Resources
Movement
expended
in funds
£
£
(69,493)
30,527
(69,493)
30,527
Net
movement
At
in funds
31/3/23
£
£
83,465
640,068
83,465
640,068| |---|---| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**
**10.**
**RELATED PARTY DISCLOSURES**|Incoming
resources
£
249,339
249,339|Resources
Movement
expended
in funds
£
£
(165,874)
83,465
(165,874)
83,465| |---|---|---| There were no related party transactions for the year ended 31 March 2023. Page 10 ## **PRESTON HANFI SUNNI MUSLIM SOCIETY** ## **(MASJID-E-AQSA)** ## **Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2023** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Gift Aid
Donations
Marriage Fees
Radio Income
Membership Fees
**Investment income**
Rents received
Deposit account interest
**Charitable activities**
Madressah Fees
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Teachers/Volunteer Expenses
Software
Purchases
Repairs & Renewals
Legal & Professional Fees
Donations paid
Gifts
Books in Library
Fixtures and fittings
Computer equipment|2023
£
4,318
77,529
900
1,576
13,655
97,978
13,012
481
13,493
37,848
149,319
29,338
1,926
1,601
11,825
520
2,562
294
26,835
1,234
650
6,511
1,150
7,337
2,600
193
872
(507)
94,941|2022
£
-
56,944
700
355
4,913| |---|---|---| |||62,912
4,000
12| |||4,012
33,096| |||100,020
10,510
-
1,234
11,017
388
1,508
525
37,528
1,209
-
1,033
1,866
-
-
227
1,026
1,112| |||69,183| ## **Support costs** This page does not form part of the statutory financial statements Page 11 ## **PRESTON HANFI SUNNI MUSLIM SOCIETY (MASJID-E-AQSA)** ## **Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2023** |**Support costs**
**Finance**
Bank charges
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net income**|2023
£
150
1,290
96,381
52,938|2022
£
-
310| |---|---|---| |||69,493| |||30,527| This page does not form part of the statutory financial statements Page 12