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2022-03-31-accounts

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

Mr Mustak Mohammed
Patel		 Mohammed
Patel
Mr Hussain Hafeji Ahmed
Mr Yunus Ibrahim Khanji
Mr Imran Patel
Mr Gulam Husain Ismail Khoda
Mr Ahmed Saeed Desai

Mr Mustak Mohammed Patel Patel
Mr Mustak Mohammed Patel
Ilyas Patel (Accountants) Limited
Chartered Certified Accountants
Soloman House, Belgrave Court
Futwood
Preston
Lancashire
PR2 9PL
The Royal Bank of Scotland
97Fishegate
Preston
Lancashire
PR12DP

The Preston
Muslim Society		 Preston
Muslim Society		 - Quwwatul - Quwwatul islam Masjid islam Masjid Charity No (if
any) 1158609
Annual accounts for the eriod CC&7a
Period start date 01/01/2021 To Period end date 31/03/2022
Recommended
categories
by activity		 Details ofown analysis z Unrestricted
funds		 Restricted
income
funds		 Endowment
funds		 Total this
year		 Last year
f E E
Incoming resources (Note 3) F01 F02 F03 F04 F05
Incoming resources from
generated
funds
Vduntary
income		 S01 156,432 3,225 159,657 304,486
Activities for generating funds S02 144338 144338 144368
Investment
income		 S03 107 107 45
Incoming resources from S04
charitable
activities
Other incoming resources Grants S05 12,694 12694 52906
Total incoming resources s08 313,571 3,225 316,796 501,805
Resources expended (Notes 4-8)
Costs of Generating Funds
Costs ofgenerating
vduntary
income		 S07 178,457 6,519 184,976 153,425
Fundraising
trading costs		 S08
Investment
management		 costs S09
Charitable
activities		 S10 44,168 44,168 100,500
Governance
costs		 S11 4,806 4,806 4,163
Other resources
expended		 S12
Total resources expended s13 227,431 6,519 233,950 258,088
Net incomingl(outgoing) resources before transfers s14 86,140 (3,294) 82,846 243,717
Gross transfers between funds S15
Netincomingl(outgoing) resources before other
recognised gains/(losses)		 S18 86,140 (3,294) 82,846 243,717
Other recognised
gains/(losses)
Gains and losses on revaluation of fixed assets for the S17
charity'8
own use
Funds transferred
from The
Charity
Number 700936		 Preston
Muslim Society,		 S18 43,645
Net movement in funds s19 86,140 (3,294) 82,846 200,072
Total funds brought forward S20 2,381,061 36,452 1,345,764 3,763,277 3,563,205
Total funds cerned forward s21 2,467,201 33,158 1,345,764 3,846,123 3,763,277
Unrestricted Restricted Endowment Total this Total this Total last
funds income
funds		 funds year year
Fixed assets F01 F02 F03 F04 F05
Tangible assets (Note 9) B01 2,388,866 1,345,764 3,734,630 3,732,868
investments (Note 10)
Total fixed assets 2 388866 1 345764 3 734630 3732 868
Current assets
Stock and work in progress
Debtors (Note 11) 4,167
(Short term) investments
Cash at bank and in hand 223 428 223428 199988
Total current assets 223 428 223428 204 155
Creditors: amounts
falling due within
one year
(Note 12)		 B10 49,943 49,943 29,246
Net current assets/(liabilities) 173485 173485 174909
Total assets less current liabilities B12 2562351 1 345764 3 908115 3907777
Creditors: amounts
year
(Note		 falling due after one
12)		 B13 61,992 61,992 144,500
Provisions for liabilities and charges B14
Net assets B16 2 500359 1 345764 3 846123 3763277
Funds ofthe Charity
Unrestricted
funds		 B16 2,467,201 2,467,201 2,381,061
B17
Restricted income funds
(Note 13)		 B16 33,158 33,158 36,452
Endowment
funds		 (Note 13) B19 1,345,764 1,345,764 1,345,764
Total funds B20 2467201 33158 1 345764 3 846123 3763277
Signed
by one or two
the trustees		 trustees
on behalf of all		 Signature Print Name
~cS+~~		 P~ Date of
approval
05/11/2022

Note 2 Accounting
policies		 Accounting
policies		 Accounting
policies
This standard list ofaccounting policies has been applied by the charity except for Nose 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
ln the Statement
of Financial Activmes (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 fundralslng		 orcontract 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 redalms are included
In the SoFA at the same time as the gift 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
Gifts in kind Gifts In kind are accounted
forat a reasonable
estimate oftheir value to the charity orthe
actually realtsed.		 arreunt
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 foruse 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
in the accounts but is described
trustees'
annual
report.		 in the
Investment income This Is included
in the accounts when receivable.
Investment gains and losses This includes any gain orloss 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
Uabllity
recognltlon		 Liabilities are recognised as soon as there is a legal or constructive
obligation
committing		 the
charity to pay out resources.
Governance costs Indude costs ofthe preparation
and examination
of statutory 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 ofservice 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 oroutput.
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 ofresources, 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 capltallsed
Ifthey can be used for riere 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 induded
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 analy sed ifthis wou ld h elp the rea der ofthe accou nts.
This year Last year
Anal sis
Unrestricted income Annual Donations 54471 161569
Jumma Lillah Donations 12686 14338
Nikhah Donations 1 830 4973
Timetable sales 1 050 100
Charitable
activities		 5000
Madrasah
students		 fund 85490 14035
Lancashire
Community		 income 5000
Other donations 905 84617
Total 156432 289 632
Restricted income Funeral fund 3225 14854
Total 3225 14854
Activities for generating funds Income from UK investment properties 144338 144368
Total 144338 144368
Investment income Bank interest receivable 107 45
Total 107 45
Incoming resources from
charitable activities
Total
Other Income Resources Grant from Local Government 12694 52906
Total 12694 52906
Total Income 316,796 501,805
Resources e xpended
 may be further analysed ifthis would
help th		 e reader ofthe acco unts.
This year Last year
Anal sis
Costs of generating Purchases unrestricted Costs 21 406 14564
voluntary income Purchases
restricted Costs		 6519 22 047
Staff costs 96960 64 821
Utilities 33110 25618
Re airs &maintenance 7469 9677
Insurance 3490 3270
Tele hone 1 122 1 059
Other office costs 5623 4 233
Bank Char es and interest 911 357
De reciation 8366 7779
Total 184976 153425
Fundraising trading
costs
Total
Investment
management costs
Total
Charitable activities Donations - Aid 4 Ummah 1 500
Donations - Save our world 7000 15000
Donations - Imdadul
Muslimeen		 35600
Donations - Fatima Welfare 10500 14500
Donations - Other 26 668 33900
Total 44 168 100500
Governance costs Accountanc 2 150 4 063
Le al &Professional 2656 100
Total 4806 4 163
Total Costs 233 950 258088

Fundraising activity Charitable Activity Governance Activity Total Cost
Su ort costt e K R R
Total


box(es).
This year Last year
K R
Independent examiner's orauditors' fees for reporting on the
accounts 2150 4063
Other fees (forexample: advice, consultancy, accountancy services)
paid tothe independent examiner orauditor

nts
Grants to Grants to
institutions individuals
Pur ose for which rants made Total amount R Total amount R

Freehold land Other land & Plant, Fixtures, Payments on Total
&buildings buildings machinery and fittings and account and
motor vehicles equipment assets under
construction
Balance brought forward 3,709,533 41,485 3,751,018
Additions 10,128 10,128
Revaluations
Disposals
Transfers
*
Balance carried forward 3,709,533 51,613 3,761,146
9.2Accumulated depreciation and impairment provisions
Basis SLor RB SLor RB RB RB SLor RB
Rate 25% 25%
Balance brought forward 18,150 18,150
Depreciation charge for year 8,366 8,366
Impairment provisions
Revaluations
Disposals
Transfers
Balance carried forward 26,516 26,516
9.3Net book value
Brought forward 3,709,533 23,335 3,732,868
Carried forward 3,709,533 25,097 3,734,630

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 of year

Analysis ofinvestments ofinvestments 10.2 10.3
Market value at Income from
year end investments for
the year
f
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
Other investments
Total

Please complete this note ifth Please complete this note ifth e charity has any d ebtors or re a m ents. ents.
Analysis ofdebtors Amounts falling due
one year		 within Amounts
falling due after
more than one year
This year
f		 Last year
f		 This year
f		 Last year
f
Trade debtors
Amounts
due		 from subsidiary and associated
undertakings
Other debtors
Prepayments and accrued income 4 167.0
Total 4,167
Amounts falling due falling due within Amounts falling due after falling due after
one year more than one year
This year
f		 Last year
f		 This year
f		 Last year
f
Loans and overdrafts 61 992 144500
Trade creditors 10 141 1 236
Amounts due to subsidiary and associated undertakings
Other creditors 37 402 25610
Accruals and deferred income 2 400 2400
Total 49,943 29,246 61,992 144,500

Fund Name Type PE, EE
orR		 Purpose and Restrictions
Education Centre PE For Building &Development
ofEducation Centre

ofthe Statem ent ofFinancial Activities.
Fund Fund
balances balances
brought Incoming Outgoing Gains and carried
forward resources resources Transfers losses forward
Fund names f f f f f f
New Building Fund transfer
from char' number 700936 628 764 628764
Education Centre transfer
from char' number 700936 717000 717000
Total Funds 1,345,764 1,345,764

13.3Transfers
between funds
Please give details ofany transfers between funds.
From Fund
Name)
To Fund		 Name Reason Amount

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
K
Last year
f

Amount owing
Name oftrustee or
connected
party		 Legal authority This year Last year
Due to trustees and
related parties
Due from trustees and
related parties
Name ofthe trustee or Description ofthe This year Last year
related art Reiationshi to charit transaction
s		 K