2021-03-31-accounts - Preston Muslim Society, Quwwatul Islam Masjid

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		Page
Legal and administrative	information
Trustees report		2-3
Independent examiners	report
Statement offinancial activities
Balance sheet
Notes to the financial statements		7-19

			The	Preston Muslim Society - Quwwatul Islam Masjid	Preston Muslim Society - Quwwatul Islam Masjid	Preston Muslim Society - Quwwatul Islam Masjid	Preston Muslim Society - Quwwatul Islam Masjid	Preston Muslim Society - Quwwatul Islam Masjid		Charity	Charity	No
										any)			1158609
					Annual	accounts		for	the	eriod				CC&7a
			Period start date			01/01/2019			To	Period		end date	i 31/03/2020
								Restricted
Recommended categories by activity			Details ofown analysis		O ~	Unrestricted funds f		income funds f		Endowment funds f			Total this yearf	Last year f
Incoming resources	(Note 3					F01			F02		F03		F04	F05
Incoming resources from
generated funds
Voluntary income					S01	289,632			14,854				304,486	189,011
Activities for generating funds						144	368						144368	178663
Investment income							45						45
Incoming resources from
charitable activities					S04
Other incoming resources				Grants	S05	52	906						52906
	Totalincoming resources				sos	486	951		14 854				501,805	367785
Resources expended	(No		tes	4-8
Costs of Generating Funds
Costs ofgenerating voluntary income						131,378			22,047				153,425	115,948
Fundraising trading costs
Investment management costs
Charitable activities					S10	100,500							100,500	60,084
Governance costs					S11	4	163						4163	2300
Other resources expended					S12
	Total resources expended				sts	236	041		22 047				258088	178332
Netincomingl(outgoing)	resources before transfers				S14	250	910	7193					243,717	189453
Gross transfers between			funds		S15
Net incoming/(outgoing)			resources before other
		recognised gains/(losses)			sts	250	910	7193					243717	189453
Other recognised gains/(losses)
Gains and losses on revaluation				of fixed assets for the
charity's own use					S17
Funds transferred from The Charity Number 700936		Preston Muslim Society,			S18	-43,645							-43,645	3373752
		Net movement in funds			s19	207 265		7193					200,072	3563205
Total funds brought	forward				S20	2,173,796		43,645		1,345,764			3,563,205
	Total		funds carried forward		s21	2381061		36452		1	345764		3763277	3563205

			e	~
							esrce
						Unrestricted	income	Endowment	Total this		Total last
					0Z	funds	funds	funds		year	year
Fixed assets						F01	F02	F03		F04	F05
Tangible assets	(Note 9)					2,387104		1,345764	3	732 868	3740 647
					802
Investments	(Note 10)
	Total fixed assets					2,387,104		1,345,764	3,732,868		3,740,647
Current assets
Stock and work in progress
Debtors (Note 11)						4,167				4,167	4709
(Short term) investments
Cash at bank and in hand						199,988				199,988	169,142
Total		current	assets			204,155				204,155	173,851
Creditors: amounts falling		due within
one year (Note 12)					810	29,246				29,246	37793
Net current	assets/(liabilities)				e11	174,909				174,909	136,058
Total assets less	current liabilities				812	2,562,013		1,345,764	3	907777	3,876,705
Creditors: amounts falling		due after one
year (Note 12)					813	144,500				144,500	313,500
Provisions for liabilities	and charges				814
		Net	assets		e16	2,417,513		1,345,764	3,763,277		3,563,205
Funds ofthe Charity
Unrestricted funds					816	2,381,061			2	381061	2,173,796
					817
Restricted income funds	(Note 13)				816		36,452			36,452	43,645
Endowment funds (Note	13)				819			1,345764	1	345764	1 345,764
		Total funds			820	2,381,061	36,452	1,345,764	3,763,277		3,563,205
Signed by one or two trustees the trustees		on behalf		of all		Signature		Print	Name		Date of approval
											05/1 1/2021

Note 2				Accounting policies	Accounting policies	Accounting policies
This standard list ofaccounting						policies has been applied by the charity except for	those deleted. Where a different		or
additional policy has		been			adopted then this is detailed in the box below.
INCOMING RESOURCES
Recognition	ofincoming					These are included in the Statement of Financial Activities (SoFA)when:
resources						~ the charity becomes entitled to the resources;
						~ the trustees are virtually certain they will receive the resources; and
						~ the monetary value can be measured with sufficient reliability.
Incoming resources		with				Where incoming resources have related expenditure (as with fundraising or contract income) the
related expenditure						incoming resources and related expenditure are reported gross in the SoFA.
Grants and	donations					Grants and donations are only included in the SoFA when the charity has unconditional
						entitlement to the resources.
Tax reclaims on donations					and	Incoming resources from tax reclaims are included in the SoFA at the same time as the		giff to
gifts						which they relate.
Contractual	income and					This is only included in the SoFA once the related goods or services have been delivered.
performance	related	grants
Gitts in kind						Gifts in kind are accounted for at a reasonable estimate actually realised.	oftheir value to the charity or the		amount
						Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or
						distributed by the charity.
						Gifts in kind for use by the charity are included in the SoFA as incoming resources when
						receivable.
Donated services and			facilities			These are only included in incoming resources (with an	equivalent amount in resources	expended)
						where the benefit to the charity is reasonably quantifiable, measurable and material. The			value
						placed on these resources is the estimated value to the charity ofthe service or facility received.
Volunteer help						The value of any voluntary help received is not included trustees' annual report.	in the accounts but is described		in the
Investment	income					This is included in the accounts when receivable.
Investment	gains and losses					This includes any gain or loss on the sale of investments	and any gain or loss resulting	from
						revaluing investments to market value at the end ofthe	year.
EXPENDITURE AND					LIABILITIES
Liability recognition						Liabilities are recognised as soon as there is a legal or	constructive obligation committing		the
						charity to pay out resources.
Governance	costs					Include costs ofthe preparation and examination ofstatutory accounts, the costs oftrustee
						meetings and cost ofany legal advice to trustees on governance or constitutional matters.
Grants with	performance					Where the charity gives a grant with conditions for its payment being a specific level of service or
conditions						output to be provided, such grants are only recognised	in the SoFA once the recipient of		the grant
						has provided the specified service or output.
Grants payable without						These are only recognised in the accounts when a commitment has been made and there			are no
performance	conditions					conditions to be met relating to the grant which remain	in the control ofthe charity.
Support Costs						Support costs include central functions and have been	allocated to activity cost categories		on a
						basis consistent with the use of resources, eg allocating	property costs by floor areas, or per
						capita, staff costs by the time spent and other costs by	their usage.
ASSETS
Tangible fixed assets		for		use		These are capitalised ifthey can be used for more than	one year, and cost at least F500. They
by charity						are valued at cost ora reasonable value on receipt.
Investments						Investments quoted on a recognised stock exchange are valued at market value at the		year end.
						Other investment assets are included at trustees' best estimate of market value.
Stocks and work in progress						These are valued at the lower ofcost or market value.
POLICIES ADOPTED
ADDITIONAL			TO OR
DIFFERENT FROM			THOSE
			ABOVE

Incoming	r	esources may	be furt	her analyse	dif this	wou	ld h	elp the rea	der ofthe accou	nts.
							Anal	sis		This year f	Last year
Unrestricted		income		Annual Donations						161,569	169929
				Jumma Lillah Donations						14338	15,867
				Nikhah Donations						4973	500
				Timetable	sales					100
				Charitable	activities					5,000
				Madrasah	students	fund				14,035
				Lancashire	Community		income			5,000
				Other donations						84617	2716
									Total	289632	189011
Restricted		income		Funeral fund						14854
									Total	14854
Activities	for generating		funds	Income from UK investment				properties		144368	178663
									Total	144368	178663
Investment		income		Bank interest receivable						45
									Total	45
Incoming	resources from
charitable	activities
									Total
Other Income Resources				Grant from	Local Government					52,906
									Total	52906
									Total Income	501,805	367,785

Resources	e	xpended	may be furthe	r	an	alys	ed ifthis would help t	he reader ofthe acco	unts.
									This year	Last year
							Anal sis
Costs ofgenerating			Purchases		and	Direct Costs			36611	18,194
voluntary	income		Staff costs						64,821	59456
			Utilities						25618	13,728
			Vehicle runnin			costs				1 535
			Re airs &	maintenance					9,677	8493
			Insurance						3270	2,104
			Tele hone						1059	968
			Other office		costs				4,233	164
			Bank Char		es	and	interest		357	935
			De reciation						7779	10371
								Total	153425	115,948
Fundraising		trading
costs
								Total
Investment
management		costs
								Total
Charitable	activities		Donations	-	Aid	4 Ummah			1 500	37084
			Donations	-	Save our world				15,000	20,000
			Donations	-	Imdadul		Muslimeen		35,600
			Donations	-	Fatima		Welfare		14500
			Donations	-	Other				33900	3,000
								Total	100500	60084
Governance		costs	Accountanc						4063	2000
			Le al &Professional						100	300
								Total	4,163	2,300
								Total Costs	258088	178332

					Fundraising	activity	Charitable	Activity	Governance	Activity	Total	Cost
Su	ort	cost	t	e								f
				Total

provided b box(es).	y yourindepen	dent examiner orau	ditor. If	noth	ing was paid p	lease enter NONEin	the appropriate
						This year	Last year
Independent	examiner's	or auditors' fees for	reporting	on	the
accounts						4063	2000
Other fees	(for example:	advice, consultancy,	accountancy		services)
paid to the	independent	examiner orauditor

7.1 Staff C	osts
									This year f	Last year
Gross wages, salaries and benefits					in kind				64,821	59,456
Employer's	National	Insurance costs
Pension costs
							Total staff	costs	64,821	59,456
7.2Average number		of	full-time	equivalent		employees	in the year		This year Number	Last year Number
The parts ofthe charity			in which the			Fundraising
employees	work					Charitable	Activities
						Governance
						Other
								Total

			Freehold	land	Other land &	Plant,		Fixtures,	Payments	on	Total
			8 buildings		buildings	machinery	and	fitfings and	account	and
						motor vehicles		equipment	assets under
									construction
Balance brought	forward		3,709,533					41,485			3,751,018
Additions - Transfer The Preston		Muslim Society
Charity Number	700936
Revaluations
Disposals Transfers '
Balance carried	forward		3,709,533					41,485			3,751,018
9.2Accumulated	depreciation	and impairment	provisions
		Basis	SLor	RB	SLor RB	RB		RB	SLor RB
		Rate				25%		25%
Balance brought	forward							10,371			10,371
Depreciation charge for year								7,779			7,779
Impairment provisions
Revaluations
Disposals
Transfers*
Balance carried forward								18,150			18,150
9.3Net book value
Brought forward			3,709,533					31,114			3,740,647
Carried forward			3,709,533					23,335			3,732,868
9.4Revaluation
Ifany fixed assets have been revalued please			give details ofthe valuer and			method ofvaluation

Carrying (market) value at beginning ofyear
Add: additions to investments at cost transfer	from charity number 700936
Less: disposals at carrying value
Add/(deduct): net gain/(loss) on revaluation
Carrying (market) value at end ofyear

10.3 A breakdown of	10.3 A breakdown of	the	income	fro	m	investments	agreeing with SO	FA row S03	.
Analysis ofinvestments									10.2	10.3
									Market value at	Income from
									year end	investments	for
										the year
Investment	properties
Investments	listed on a recognised			stock exchange or			held in common	investment
funds, open ended investment			companies,			unit trusts	orother collective
investment	schemes
Investments	in subsidiary	or	connected		undertakings		and companies
Securities not listed on a		recognised		Stock Exchange
Cash held as part ofthe investment				portfolio

Please complete this noteift	Please complete this noteift	he charity has any d	ebtors or	re a ments.	re a ments.
Analysis ofdebtors				Amounts falling due one year		within	Amounts falling due after more than one year
				This year	Last	year	This year	Last year
Trade debtors
Amounts due	from subsidiary	and associated
undertakings
Other debtors						4,709
Prepayments	and accrued income			4,167
			Total	4,167		4,709

					Amounts falling due	Amounts falling due	within	Amounts	falling due after
					one year			more than	one year
					This year	Last year f		This year	Last year
Loans and overdrafts								144,500	313,500
Trade creditors					1,236
Amounts	due to subsidiary		and associated	undertakings
Other creditors					25,610		34,698
Accruals	and deferred	income			2,400		3,095
				Total	29,246		37,793	144,500	313,500

Fund Name		orR	Purpose and Restrictions
Education Centre	PE		For Building 8 Development of Education Centre

ofthe State		ent ofFinancial	Activities.
			Fund					Fund
			balances					balances
			brought	Incoming	Outgoing		Gains and	carried
			forward	resources	resources	Transfers	losses	forward
Fund names
New Building		Fund transfer
from char'		number 700936	628,764					628,764
Education	Centre transfer
from char'		number 700936	717,000					717000
		Total Funds	1,345,764					1,345,764

parti	es	by the	cha	rity oranyi	nstitution	orcompany connected with it.
							Amounts paid or benefit value
Name	of	trustee	or	connected	party	Legal authority (eg order, governing document)	This year f Last year

		This year Amount
		K
Due to trustees and
related parties
Due from trustees	and
related parties

Name	ofthe	trustee or			Description	ofthe	This year	Last year
	related	art	Relationshi	to charit	transaction	s