OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-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
Mr Hussain Hafeji Ahmed
Mr Yunus Ibrahim
Khanji
Mr Imran Patel
Mr Gulam Husain
Isrnail Khoda
Mr Ahmed Saeed Desai
Mr Mustak Mohammed
Patel
Mr Mustak Mohammed
Patel
Ilyas Patel (Accountants)
Limited
Chartered Certified Accountants
Soloman House, Belgrave Court
Fulwood
Preston
Lancashire
PR2 9PL

The Preston
Muslim Society		 The Preston
Muslim Society		 - Quwwatul - Quwwatul Islam Masjid Islam Masjid Charity No (if
any) 1158609
Annual accounts for the eriod CC&7a
Period start date 01l04i2022 Period end date l 31/03l2023
a
~
J
Recommended
categories
by activity		 Oetalls ofown analysis e Unrestricted income
funds		 Endowment
funds		 Total this
year		 Last year
R
Incoming resources (Note 3) F01 F02 F03 F04 F05
Incoming resources from
generated
funds
Vduniary
Income		 354,332 5,361 359,693 159,657
Actividas far gsnsradng funds 139483 139483 144338
Invssunani
income		 108 108 107
Incoming resources from
charitable
activities
Other incoming resources Grants and Gift Aid so5 13944 13944 12694
Total incoming resources so6 507,867 5,361 513,228 316,796
Resources expended (No tes 4-8)
Costs of Generating Funds
Costs afgsnaradng
vduntary
income		 160,221 5,361 165,582 184,976
Fundrasing
trading costs
invesonsnt
management		 casts
Charitable
activities		 S10 65,744 65,744 44,168
Governance costs S11 4,760 4,760 4,806
Other resources expended S12
Total resources expended s15 230,725 5,361 236,086 233,950
Het incoming/(outgoing/ resources belbre transfers s14 277,142 277,142 82,846
arose transfers between funds S15
Net Incoming/(outgoing)
resources bef'ore oNer
recognised gains/(losses)		 S16 277,142 277,142 82,846
Other recognised
gainsl(losses)
Gains and losses
charity's
own use		 on revaluation
offixed assets for the		 S17
Funds transferred from The Preston
Muslim Society,
Charity Number700936
Net movement In funds sig 277,142 277,142 82,846
Total funds brought forward 2,467,201 33,158 1,345,764 3,846,123 3,846,123
Total funds camed forward s21 2,744,343, 33,158 1,345,764 4,123,265 3,846,123
~
s
Unrestricted
funds		 Restricted
Income
funds		 Endowment
funds		 Total this
year		 Total last
year
Fixed assets F01 F02 F03 F04 F05
Tangible assets
(Note 9)		 B01 2,382,592 1,345,764 3,728,356 3,734,630
B02
investments
(Note 10)
Total fixed assets 2382 592 1 345764 3 728 356 3734630
Current assets
Stock and work in progress
Debtors
(Note 11)		 695 695
(Short term) investments
Cash at bank and in hand 422 784 422 784 223428
Total current assets 423 479 423 479 223428
Creditors: amounts
falling due within
one year
(Note 12)		 28,570 28,570 49,943
Net current assetsl(liabilities) 394 909 394 909 173485
Total assets less cunent liabilities»2 2777 501 1 345764 4 123 265 39D8115
Creditors: amounts
falling due after one
year
(Note 12)		 B13 61,992
Provisions for liabilities and charges B14
Net assets B«2 777 SD1 1345764 4 123265 3846123
Funds ofthe Charity
Unrestricted
funds		 B16 2,744,343 2,744,343 2,467,201
B17
Restricted income funds
(Note 13)		 B18 33,158 33,158 33,158
Endowment
funds (Note 13)		 B19 1,345,764 1,345,764 1,345,764
Total funds B20 2744 343 33158 1 345764 4 123265 3846123
Signed by one or two trustees on behalf of all
the trustees		 Signature Print Name Date of
approval
P ~+d~~~ ~~ 07/09/2023
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 ls dehiiled in the box below.
INCOMING RESOURCES
Recognltlon ofIncoming These are included
in the Statement
of Financial Activities (SoFA)when:
resollrces ~
the charity becomes entitled
to the resources;
~
the trustees are virtue(ly certain they
will receive the resources;		 and
~
the monetary
value can be measured
with sufricient
reliability.
Incoming resources with Where incoming
resources have related expenditure
(as with fundraising		 orcontract income) the
related expenditure incoming
resouices and related expenditure
are reported gross
In the		 SoFA.
Grants and donations Grants and donations
are only induded
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 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
GIRs In kind Gifts in kind are accounted
for at a reasonable
estimate oftheir value
actually realised.		 to the charity orthe amount
Gifts in kind forsale 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 ofany 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 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
Uabillty
recognitlon		 Liabilities are recognised as soon as there is a legal orconstructive obligation
committing		 the
charity to pay out resources.
Governance costs Include costs ofthe preparation
and examination
ofstatutory
accounts,		 the costs oftrustee
meetings
and cost of any 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 recogn/sed
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 inade and there am no
performance conditions conditions
to be met relating to the grant which
remain
in the control		 of the charity.
Support Costs Support costs indude
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 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 inciuded
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

This year Last year
Anal sls R
Unrestricted income Annual Donations 185507 54471
Jumma Lnah Donations 12686
Nikhah Donations 1 830
Timetable sales 1 050
Charitable
activities		 69827
Madrasah
students		 fund 98998 85490
Lancashire
Commun'		 income
Other donations
Total 354332 156432
Restricted income Funeral fund 5361 3225
Total 5361 3225
Activities for generating funds income from UK investment properties 139483 144,338
Total 139483 144338
Investment Income Bank interest receivable 108 107
Total 108 107
Incoming resources from
charitable activities
Total
Other Income Resources Grant from Local Government and Gift Aid 13944 12694
Total 13944 12694
Total Income 513,228 316,796
Note 4 Analysis ofresources expended
Resources expended may be further analysed lfthis would help the reader ofthe accounts.
This year Last year
Anal sls
Costs ofgenerating Purchases
unrestricted		 Costs 21406
voluntary income Purchases
restricted Costs		 5361 6519
Staff costs 121923 96960
Utilities 14599 33110
Re airs &maintenance 6461 7469
insurance 3191 3490
Tele hone 1 005 1 122
Other office costs 2746 5623
Bank Char es and interest 1 178 911
De reciation 6274 8366
Total 165582 184976
Fundralslng trading
costs
Total
Investment
management costs
Total
Charitable activities Donations - Save our workl 8500 7000
Donations - Fatima Welfare 3000 10500
Donations - Other 54244 26 668
Total 65744 44 168
Governance costs Accountanc 2400 2 150
Le ai 8 Professional 2360 2656
Total 4760 4806
Total Costs 236 086 233 950

ase com plete t his note ifthe charit y has analy sed its expe nses usin g activity cate gories and has supp ort c
Fundraising activity Charitable Activity Governance Activity Total Cost
Su ort costt e K
Total

provided b
box(es).		 y your indepe
ndent
examiner orau
ditor.
If		 noth ing
was paid p		 lease enter NONE in the appropriate
This year Last year
Independent examiner's orauditors' fees for reporting on the
accounts 2400 2150
Other fees (forexample: advice, consultancy, accountancy services)
paid to the independent examiner orauditor

7.1Staff C osts
This year Last year
Gross wages, salaries and benefits in kind 121 443 96 960
Employer's National Insurance costs
Pension costs 480
Total staff costs 121,923 96,960
7.2Average number of employees in the year This year
Number		 Last year
Number
The parts ofthe charity in which the ii i i i'li'cs isif ii!
employees work Cl'Jai ital)le Acti\/itiC. .'.i
Ci0 !heiiiaiice
19 24
Total

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

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 51,613 3,761,146
Additions
Revaluations
Oisposals
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'Yo 25%
Balance brought forward 26,516 26,516
Depreciation
charge for year		 6,274 6,274
Impairment
provisions
Revaluations
Oisposais
Transfers*
Balance carried forward 32,790 32,790
9.3Net book value
Brought forward 3,709,533 25,097 3,734,630
Carried forward 3,709,533 18,823 3,728,356
9.4Revaluation
Ifany fixed assets have been revalued please give details of the valuer and method of valuation

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

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		 orconnected undertakings and companies
Securiities not listed on a recognised Stock Exchange
Cash held as part ofthe investment portfolio
Other investments
Total

Please complete this note ift Please complete this note ift he charity has any d ebtors or re a m ents. ents.
Analysis ofdebtors Amounts falling due within
one year		 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 695
Prepayments and accrued income
Total 695
Amounts falling due falling due within Amounts falling due after falling due after
one year more than one year
This year Last year This year Last year
R R R R
Loans and overdrafts 61 992
Trade creditors 10141
Amounts due to subsidiary and associated undertakings
Other creditors 25 090 37402
Accruals and deferred income 3,480 2,400
Total 28,570 49,943 61,992


ofthe State		 ent ofFinancial Activities.
Fund Fund
balances balances
brought Incoming Outgoing Gains and earned
forward resources resources Transfers losses forward
Fund names R R
New Building Fund transfer
from charit number 700936 628,764 628 764
Education Centre transfer
from charit 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 orany institution orcompany conn ect ed
with it.
Amounts paid or benefit value
Name of trustee or connected party Legal authority
(eg order,
governing
document)		 This year Last year
R

Name oftrustee or
connected
party		 Legal authority This year
Amount		 Last year
owing
R
Name ofthe trustee or Description ofthe This year Last year
related a Relationshi to charit transaction s R