REGISTERED CHARITY NUMBER: 1004358
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2024
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 2024
| 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 | 11 |
| Detailed Statement of Financial Activities | 12 | to | 13 |
PRESTON HANFI SUNNI MUSLIM SOCIETY
(MASJID-E-AQSA)
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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 (Mosque) 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 a management team who have been assigned responsibilities based on their availability and skills. As a Charity, we remain in a transitional phase to deliver against one of our strategies, which is to involve more of our youth in the management of the charity, solely for the purposes of preparing our youth for the future scenario of having to take ownership, equipped with the experience and knowledge to do a good job.
OBJECTIVES AND ACTIVITIES
Objectives and aims
Trustee Objectives for 2024/25 and 2025/26 (FY's)
Refurbishment
o Complete Phase 1 asap o Phase 2 (2025/26) o Phase 3 (tbc)
Finances
o Reduce our debt by 50% by the end of FY 2025/26 o Fundraising events need to happen every year
Education
o Build on the success of 2023 / 2024 and continue to deliver quality over quantity o Developing teachers for the future
Engaging our Youth
o Plans for the future (training and developing our youngsters to manage Masjid affairs) o Youth events and activities (more of)
The whole of the team remains grateful to all members of our community who have contributed both financially and otherwise, specifically with regards to the renovation work that is taking place.
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 2024
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 20 December 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 2024.
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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
20 December 2024
Page 3
PRESTON HANFI SUNNI MUSLIM SOCIETY
(MASJID-E-AQSA)
Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 170,819 Charitable activities Provision 23,925 Investment income 2 15,430 Total 210,174 EXPENDITURE ON Charitable activities Provision 87,151 NET INCOME 123,023 RECONCILIATION OF FUNDS Total funds brought forward 640,068 TOTAL FUNDS CARRIED FORWARD 763,091 |
2023 Total funds £ 97,978 37,848 13,493 |
|---|---|
| 149,319 | |
| 96,381 | |
| 52,938 587,130 |
|
| 640,068 |
The notes form part of these financial statements
Page 4
PRESTON HANFI SUNNI MUSLIM SOCIETY
(MASJID-E-AQSA)
Balance Sheet 31 MARCH 2024
| 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 CREDITORS Amounts falling due after more than one year 9 NET ASSETS FUNDS 11 Unrestricted funds TOTAL FUNDS |
2024 Unrestricted fund £ 817,683 8,000 83,002 91,002 (94,094) (3,092) 814,591 (51,500) 763,091 763,091 763,091 |
2023 Total funds £ 603,462 4,319 124,579 128,898 (92,292) 36,606 640,068 - 640,068 640,068 640,068 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 20 December 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 2024
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.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 6
continued...
PRESTON HANFI SUNNI MUSLIM SOCIETY
(MASJID-E-AQSA)
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024
2. INVESTMENT INCOME
| Rents received Deposit account interest |
2024 £ 14,477 953 15,430 |
2023 £ 13,012 481 |
|---|---|---|
| 13,493 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
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 |
2024 2023 1 1 Unrestricted fund £ 97,978 37,848 13,493 149,319 96,381 52,938 587,130 |
2024 2023 1 1 Unrestricted fund £ 97,978 37,848 13,493 149,319 96,381 52,938 587,130 |
|---|---|---|
| 149,319 | ||
| 96,381 | ||
| 52,938 587,130 |
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 2024
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| TOTAL FUNDS CARRIED FORWARD 6. TANGIBLE FIXED ASSETS COST At 1 April 2023 Additions At 31 March 2024 DEPRECIATION At 1 April 2023 Charge for year At 31 March 2024 NET BOOK VALUE At 31 March 2024 At 31 March 2023 COST At 1 April 2023 Additions At 31 March 2024 DEPRECIATION At 1 April 2023 Charge for year At 31 March 2024 NET BOOK VALUE At 31 March 2024 At 31 March 2023 |
Unrestricted fund £ 640,068 Improvements Freehold to Books in property property Library £ £ £ 596,560 - 5,219 - 215,413 - 596,560 215,413 5,219 - - 4,128 - - 164 - - 4,292 596,560 215,413 927 596,560 - 1,091 Fixtures and Computer fittings equipment Totals £ £ £ 42,462 4,430 648,671 - - 215,413 42,462 4,430 864,084 37,519 3,562 45,209 742 286 1,192 38,261 3,848 46,401 4,201 582 817,683 4,943 868 603,462 |
|---|---|
continued...
Page 8
PRESTON HANFI SUNNI MUSLIM SOCIETY
(MASJID-E-AQSA)
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024
| 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 £ Other debtors 8,000 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 £ Trade creditors - Taxation and social security 741 Other creditors 93,353 94,094 9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 £ Other creditors 51,500 10. LOANS An analysis of the maturity of loans is given below: 2024 £ Amounts falling due in more than five years: Repayable otherwise than by instalments: Long Term Loans 51,500 11. MOVEMENT IN FUNDS Net movement At 1/4/23 in funds £ £ Unrestricted funds General fund 640,068 123,023 TOTAL FUNDS 640,068 123,023 |
2023 £ 4,319 2023 £ 2 - 92,290 92,292 2023 £ - 2023 £ - At 31/3/24 £ 763,091 |
2023 £ 4,319 2023 £ 2 - 92,290 |
2023 £ 4,319 |
|---|---|---|---|
| 92,292 | |||
| 2023 £ - |
|||
| 2023 £ - |
|||
| 763,091 |
continued...
Page 9
PRESTON HANFI SUNNI MUSLIM SOCIETY
(MASJID-E-AQSA)
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024
11. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 210,174 210,174 |
Resources Movement expended in funds £ £ (87,151) 123,023 (87,151) 123,023 |
|---|---|---|
Comparatives for movement in funds
| At 1/4/22 £ Unrestricted funds General fund 587,130 TOTAL FUNDS 587,130 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 149,319 TOTAL FUNDS 149,319 A current year 12 months and prior year 12 months combined position is as follows: At 1/4/22 £ Unrestricted funds General fund 587,130 TOTAL FUNDS 587,130 |
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 31/3/24 £ £ 175,961 763,091 175,961 763,091 |
|---|---|
continued...
Page 10
PRESTON HANFI SUNNI MUSLIM SOCIETY (MASJID-E-AQSA)
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024
11. MOVEMENT IN FUNDS - continued
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 |
Incoming resources £ 359,493 359,493 |
Resources Movement expended in funds £ £ (183,532) 175,961 (183,532) 175,961 |
|---|---|---|
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 11
PRESTON HANFI SUNNI MUSLIM SOCIETY
(MASJID-E-AQSA)
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2024
| 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 Pensions 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 Event Costs Books in Library Fixtures and fittings Computer equipment |
2024 £ 7,999 145,757 800 519 15,744 170,819 14,477 953 15,430 23,925 210,174 32,251 791 851 1,626 7,248 486 3,065 751 21,639 597 - 6,814 150 1,515 2,300 4,766 164 741 286 86,041 |
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 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 12
PRESTON HANFI SUNNI MUSLIM SOCIETY (MASJID-E-AQSA)
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2024
| Support costs Finance Bank charges Governance costs Accountancy and legal fees Total resources expended Net income |
2024 £ 150 960 87,151 123,023 |
2023 £ 150 1,290 |
|---|---|---|
| 96,381 | ||
| 52,938 |
This page does not form part of the statutory financial statements
Page 13