**LIVERPOOL MUSLIM SOCIETY Registered Charity No 503822**
## **ANNUAL REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31[ST] MARCH 2021**
_**Prepared By: -**_
_**The Board of Trustees Liverpool Muslim Society 29/31 Hatherley Street Liverpool L8 2TJ**_
1
## LIVERPOOL MUSLIM SOCIETY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2021
|**Contents**|**Page**|
|---|---|
|Professional Advisers and Charity Information|3|
|Trustees’ Annual Report|4 - 7|
|Independent Examiner’s Report to the Trustees|8|
|Statement of Financial Activities|9|
|Summary Statement of Financial Activities|10|
|Balance Sheet|11|
|Notes Forming Part of the Financial Statements|12 - 16|
2
LIVERPOOL MUSLIM SOCIETY REFERENCE AND ADMINSTRATIVE DETAILS YEAR ENDED 31[ST] MARCH 2021
## **Professional Advisers & Charity Information**
|Name:|Liverpool Muslim Society|
|---|---|
|Governing Document:|The Society is governed by a constitution.|
||The Charity registration was agreed on 2nd|
||December 1974. The most recent revision|
||of the constitution took place in 2010 and|
||was adopted on 25th April 2010. Further|
||amendments were made and approved on|
||24thof December 2017.|
|Registered Office:|29-31 Hatherley Street|
||Toxteth|
||Liverpool|
||L8 2TJ|
|Trustees:|(See page 7)|
|Bankers:|NatWest Bank Plc|
||Liverpool City Office (B) Branch|
||2-8 Church Street|
||Liverpool L1 3BG|
|Independent Examiner:|Mohammed Arshad|
||Arshads Accounting & Tax Services|
||12 Olivetree Road|
||Liverpool|
||L15 7LL|
3
## LIVERPOOL MUSLIM SOCIETY TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31[ST] MARCH 2021
The Trustees have the pleasure in presenting their Annual Report and Financial Statements for the year ended 31st March 2021.
## **LEGAL AND ADMINISTRATIVE DETAILS**
**Governing Instrument** . The Liverpool Muslim Society is constituted as a registered charity in the UK and governed by a constitution.
**Membership** is open to interested individuals accepted into membership by the Trustees, following completion of a prescribed membership form.
**Trustees.** The Society's work is directed by a board of Trustees, who approve the policy for the organisation. The activities of the Society are overseen by various sub-committees who meet as and when required and report to the Board [Management Committee]. The board is composed of 8 trustees. All trustees resign at the end of the term and are eligible for re-election.
## **Objects of the Project** . The Objects are:
- (a) To promote Islam as a religion by means which are charitable according to the law of England and Wales.
- (b) For the public benefit, to relieve need and advance education amongst Muslim residents in the North-West of England.
- (c) In the interests of social welfare, to provide or assist in the provision of facilities for recreation and other leisure-time occupation.
## **PUBLIC BENEFIT STATEMENT**
In planning activities, the Trustees have considered guidance from the Charity Commission to ensure public benefit requirements are met.
## **REVIEW OF THE YEAR**
## **Activities conducted by LMS**
2020 was an unprecedent year all around and not less so at LMS where the main activity of the organization which is conducting the daily prayer at the Mosque was interrupted due to Corona virus spread and the subsequent three lockdowns which dictated the closure of the Mosque as stated below.
- 1[st] closure was between 16[th] March 2020 to 05[th] of September 2020
- 2[nd] closure was between 05[th] November 2020 to 02[nd] of December 2020
- 3[rd] closure was between 05[th] of January 2021 to 08[th] of March 2021
When the Mosque was open, it operated with much less capacity to uphold Covid rules of social distancing and limiting the time people stay on the premises to help minimize the spread of the virus. These measures have affected the services the LMS normally deliveries and the income it generates.
4
## LIVERPOOL MUSLIM SOCIETY TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2021
Despite this, however, Liverpool Muslim Society carried out variety of activities online and through the Mosque receiver in order to achieve its objectives during the year ended 31[st] March 2021.
## **Services provided by the Imams in the Masjid**
The voluntary Imams continued to deliver the weekly Jumaa sermon and daily prayers which were broadcasted on the Mosque receiver. They also carry out marriage registrations, divorce services, marital consultations and bereavement support while applying the covid regulations.
## **Activities and services carried out by volunteers in the Masjid**
Throughout the week, the activities delivered by members of the community both males and females continued. Example of these activities are as follows:
- Broadcasting of daily Athan (call for prayers) and lectures on the Mosque receiver
- Maintaining of contact with the community particularly the vulnerable
- Set up the ‘Support the Vulnerable Initiative’ to provide the basic need of the vulnerable in the community during the lockdown
- Madrasah classes for boys and girls online via Zoom
- Hosted three (3) rounds of Covid-19 Vaccination Pop-up Clinics
- Equipped the Mosque appropriately to deal with the reopening and return of worshippers
- The usual marriage and divorce registration, family counselling and bereavement support.
- Other specialised day events were also delivered at Al-Rahma Mosque such as Safeguarding training one day event by LCC on 28[th] November 2020
## **Humanitarian Appeal**
LMS was successful in securing funds a total of £15,500 from four charity organizations namely; Steve Morgan Foundation, Community Foundation for Merseyside, P.H Holt and Tesco Bags of Help to help the community during this difficult and unprecedented times. LMS worked closely with several organizations and charities to deliver this service to the larger community some of which are Refugee Women Connect, Councillors, local GP Consortium, Wirral Change, Al Ghazali Centre, the Arabic Centre, Liverpool Muslim Outreach and Merseyside Somali Community and Association.
## **Schools Education Visits**
There were no school visits during the report period due to Corona virus spread and the closure of schools.
## **Awards and Recognition**
LMS was recently awarded the prestigious British Beacon Mosque Award 2021 for the Best Outreach Category for its services during the pandemic.
5
## LIVERPOOL MUSLIM SOCIETY TRUSTEES’ ANNUAL REPORT (continued) FOR THE YEAR ENDED 31ST MARCH 2021
## **Employees**
LMS’s 5 employees were put on furlough during the Mosque’s closure and later were made redundant as part of the restructure plan that was proposed in 2019/2020. New jobs will be advertised to fill the vacancies as soon as possible.
## **RESULTS FOR THE YEAR**
The results for the year are set out on the finance pages following this report.
## **RESERVES POLICY**
Historically, LMS tries to maintain a buffer of free reserves equivalent to at least two months of annual core expenditure. The average monthly expenditure is estimated to be approximately £15,000 therefore the target reserve is approximately £30,000. But during the pandemic and the lock-downs the main means of the LMS’s income which are the Friday collections and the fund raising during Ramadan were affected as the Mosque was closed. Therefore, the income was heavily dependent on online fund raising and collections at local shops.
## **RISK**
The major challenge the organization faces normally is raising sufficient funds to pay for its expenses. This has been hugely affected by the Covid 19 where the Mosque was closed for good part of the year and when reopened it was operating at much reduced capacity. To mitigate this risk, LMS heavily depended on online fund raising and collecting at local shops. Furthermore, card machines readers were introduced when the Mosque reopened to maximize on the income.
## **FINANCIAL REVIEW**
During the period, the Society continued to raise funds to meet its financial commitments and to support ongoing and new projects. The organization actively sought new venues to maximize on its income generating activities during this unprecedented difficult period. Examples of such venues are new approaches to better engage with the donors and facilitating new ways of collecting donations such as online fund raising, collections at local shops. These have enabled the Society to raise funds to meet its commitments and to complete the refurbishment of the flats in properties 94 and 96 Princes Road.
## **THE FUTURE**
The board of trustees continued to explore venues to increase income, reduce expenses, enhance services and mitigate potential risks. Listed below are projects planned for the next financial year.
- LMS purchased the property No 27 Hatherley Street in January 2020 and plans to refurbish it fully by the next financial year.
- Fully refurbish No 3 Hatherley Street and rent it out.
- LMS plans to expand on the Maddressah to accommodate more students.
- LMS aims to set up Al-Rahma Tahfeedh to teach Quran classes to young boys and girls.
- LMS plans to repurpose the Porta Cabin area and the adjacent plot of land.
- LMS aims to facilitate specialized services to the community by working closely with Liverpool Central primary Care, local GPs, Job centres - careers advice and liaising with universities.
- LMS aims to work with and accommodate the youth by providing them with space and logistics to help them achieve their potentials.
- LMS plans on attracting and accommodating religious scholars to uplift the spiritual knowledge and understanding of both males and females, young and old members of the community.
6
LIVERPOOL MUSLIM SOCIETY TRUSTEES’ ANNUAL REPORT (continued) FOR THE YEAR ENDED 31ST MARCH 2021
## **BOARD OF TRUSTEES**
The trustees who were elected on 15[th] September 2019 to serve a period of 4 years are as follows:
Dr Badr Abdullah (Chairman) Dr Thamir Ismail Mr Ismail Saleh (Vice Chairman) Mr Shams ul Haque Khan Mr Marwan Gawher (Treasurer) Mrs Asmaa Al-Thubhani Dr Mohamed Mahyoub (Secretary) Mr Ethiyan Aseem Ahmad
## **TRUSTEES’ RESPONSIBILITIES IN RELATION TO FINANCIAL STATEMENTS**
The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. Charity law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of its net incoming or outgoing resources for that period. In preparing these financial statements the trustees are required to:
- Select suitable accounting policies and then apply them consistently;
- Make judgements and estimates that are reasonable and prudent;
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with SORP 2005. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **APPROVAL**
The report was approved by the board of Trustees and signed on its behalf on 28[th] January 2022.
**Badr Abdullah Trustee (Chairman)**
**Marwan Gawher Trustee (Treasurer)**
_**Registered Office: 29/31 Hatherley Street**_ **Liverpool L8 2TJ**
7
Independent Examiner's Report
To the board Oltn]slS of Liverp[ Muslim Society on the financial ststements for the year cnded 31
March 2021.
I report on the accounts of thc charity for the year ended 31" March 2021, which are set out on Pages
9- 16.
Respective responsibilities of trustees and examiner
Thc Charity's trustccs are responsible for the preparation of the accounts. Thc charity's Ite¢S consider
that audit is not rcquired for this year under section 144 (2) of the Chatities Act 201 l and that all
independcnt examinaiion is rcquired.
It is my responslbility =
a) examine thc accounis under seciion 145 of the ?01 l Act
b) follow ihc pr(Kedures laid down in thc general dircctions givcn by the Charity Commission
under gection 145 {5)(b) of the 2011 Act.. and
c) to statc whether particular matierq have come to my attention
Basis of Indeptndent Examiner'5 report
My examinatiorE was carried out in accordance wilh th¢ gcnerdl directions given by the Chaiily
Commission. An examination includes a review of ibe accouniing recoiLts kcpt by the chariry and L
comparison of the accounts presented with thosc records. It also includes Consideration of atiy unusual
items or di5Llosures in the accounts and seeking explanairons from you as trustees concerning any such
tnatters. Thc proccdures undertak¢n do noi pn)vide all th¢ Cvidcnce that would be required Én an audit
and consequenily no opinion is oiven as io w'hcthcr the accounLq prcscnt a "true and fair vicw" and the
report is limited to thosc matters set out in the statement below..
Independent Examiner's statement
In connection wilh tny examination, no matter has come to my attention-
( l ) which gives me reasonable cause to believe that in any marial resp¢¢t the requirements:
to keep accounting retords in accordance with scction 130 of the 201 l Acl
to prepare accounts which ac¢4)rd with thc accounting CordS and comply with dic
accounting rcquircmcnts of the 2011 Acl
have not been met; or
{ 2) to which, in my opinion. attention should be drawn in order to enable a proper understanding
of thc accounts to be reached.
Mohamvna
Arsbads
Accounting & Tax services
12 Olivelree Road
Liverpool
L157LL
Ars
28.01.2022
## LIVERPOOL MUSLIM SOCIETY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2021
|**INCOMING RESOURCES**
Incoming resources from generated funds
Incoming resources from Charitable
Activities
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
Costs of generating funds
Charitable activities
**TOTAL RESOURCES EXPENDED**
**NET (OUTGOING)/INCOMING**
**RESOURCES**
Donation of Quran and Islamic Books
Balances brought forward
Balances carried forward|**Note**
**2**
**3**
**8**
**9**|**UNREST**
**(£)(1)**
**REST (£)(2)**
**Total (£)**
**2021**
Total (£)
2020
**46,020**
**-**
**46,020**
28,218
**71,441**
**105,303**
**176,744**
221,125
**117,461**
**105,303**
**222,764**
249,343
**54,114**
**-**
**54,114**
36,202
**97,677**
**74,664**
**172,341**
210,274
**151,791**
**74,664**
**226,455**
246,476
**(34,330)**
**30,639**
**(3,691)**
2,867
**10,000**
**10,000**
**1,352,249**
**400,206**
**1,752,455**
1,749,588
**1,317,919**
**440,845**
**1,758,764**
1,752,455|
|---|---|---|
1 - Unrestricted fund
2 - Restricted fund
9
## LIVERPOOL MUSLIM SOCIETY SUMMARY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2021
|||**2021**|**2021**|2020|
|---|---|---|---|---|
|||**£**||£|
|INCOMING RESOURCES||**222,764**||249,343|
||||||
|RESOURCES EXPENDED||**(226,455)**||(246,476)|
||||||
|TOTAL(DEFICIT)/SURPLUS|||**(3,691)**|2,867|
_All of the activities of the charity are classed as continuing_
10
## LIVERPOOL MUSLIM SOCIETY BALANCE SHEET AS AT 31ST MARCH 2021
|**FIXED ASSETS**
Tangible Assets
**CURRENT ASSETS**
Debtors
Loan Advanced
Prepayments
Cash at bank and in hand
**CREDITORS**: amounts
falling due within one year
**NET CURRENT ASSETS**
**TOTAL ASSETS**
**FUNDS**
REST
UNREST
**TOTAL FUNDS**|**Note**
**10**
**11**
**12**
**5**
**5**|**2021**
2020
**£**
**£**
£
£
**1,689,861**
1,720,748
**8,382**
20,449
**-**
1,580
**1,321**
3,578
**78,799**
30,607
**88,502**
56,214
**(19,599)**
(24,507)
**68,903**
31,707
**1,758,764**
1,752,455
**440,845**
400,206
**1,317,919**
1,352,249
**1,758,764**
1,752,455|
|---|---|---|
For the financial year ended 31st March 2021, the Society is entitled to be examined by an independent examiner. The governing instrument of the parent charity does not require an audit to be carried out and members have not asked for one. The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act. The accounts were approved by the board of trustees on 28th January 2022 and signed on its behalf by:
**Badr Abdullah Trustee (Chairman)**
**Marwan Gawher Trustee (Treasurer)**
_The notes on pages 13 to 16 form part of these accounts_
11
LIVERPOOL MUSLIM SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021
## **1. ACCOUNTING POLICIES**
## _(a) Accounting Convention_
The financial statements have been prepared under the historical cost convention, and in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2005) issued in March 2005 and applicable UK Accounting Standards and the Charities Act 1993.
## _(b) Depreciation_
Depreciation is calculated to write off the cost of fixed assets, less estimated residual value, over their estimated useful economic lives on the following basis: -
|Properties|2%|Straight line|
|---|---|---|
|Portacabin|10%|reducing balance|
|Equipment, Furniture, Fixtures & Fittings|20%|reducing balance|
|Books & Reference Materials|15%|reducing balance|
## _(c) Incoming Resources_
Investment income is recognized on a receivable basis.
Income from charitable activities includes donations from members, zakat and hall hire. Income from charitable activity is deferred when a payment is received in advance for the following financial period.
## _(d) Resources Expended_
Expenditure is recognized when a liability is incurred.
- Charitable activities include expenditure associated with Masjid activities, education, health, sports, social, welfare and recreation activities and include both the direct costs and support costs relating to these activities.
- Management and Administration costs include those incurred in the management and administration of the Masjid, including governance of the parent charity and its assets and are primarily associated with constitutional and statutory requirement.
## _(e) Fund Accounting_
Funds held by the charity are either:
- Unrestricted general funds – these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
- Restricted funds – these are funds that can only be used for restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for a particular restricted purpose. Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
## _(e) Taxation_
The Society is a registered charity and is not subject to UK corporation tax.
## _(f) Value Added Tax_
The Charity is registered for value added tax but may de-registering in the near future.
12
## LIVERPOOL MUSLIM SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021
|**2**
**3**
**4**
5|**UNREST**
**(£)**
**REST**
**(£)**
**Total**
**Funds (£)**
**Total**
**Funds (£)**
**INCOMING RESOURCES**
**2021**
**2020**
**Incoming resources from generated funds**
Investment Income
**46,020**
**-**
**46,020**
28,218
**46,020**
**-**
**46,020**
28,218
**Incoming resources from Charitable Activities**
Humanitarian Appeal Fund
**-**
**16,005**
**16,005**
32,519
Building Project Fund
**-**
**844**
**844**
27,315
Zakat Fund
**-**
**6,200**
**6,200**
34,155
Education & Daawah
**-**
**4,695**
**4,695**
-
General Donations
**71,441**
**-**
**71,441**
127,136
Funeral Fund
**-**
**77,558**
**77,558**
-
**71,441**
**105,303**
**176,744**
221,125
**TOTAL INCOMING RESOURCES**
**117,461**
**105,303**
**222,764**
249,343
**NET INCOMING RESOURCES**
**2021**
2020
The net incoming resources is stated after charging:
**£**
£
Depreciation
**40,887**
6,905
**ANALYSIS OF FUND BALANCE**
**BETWEEN**
**UNREST**
**(£)**
**REST**
**(£)**
**Total**
**Funds (£)**
**Total**
**Funds (£)**
**THE NET ASSETS**
**2021**
2020
Tangible fixed asset
**1,293,178**
**396,683**
**1,689,861**
1,720,748
Current asset
**44,340**
**44,162**
**88,502**
56,214
Current liabilities
**(19,599)**
**-**
**(19,599)**
(24,507)
FUND BALANCE
**1,317,919**
**440,845**
**1,758,764**
1,752,455|
|---|---|
13
## LIVERPOOL MUSLIM SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021
|**6 STAFF COSTS (including trustees)**
Salaries & wages|**2021**
2020
**£**
£
**5,550**
74,436
**5,550**
74,436
**2021**
2020
**13**
13|
|---|---|
## **7 TRUSTEES REMUNERATIONS AND EXPENSES**
No remuneration or reimbursement of expenses has been made or is due to be made to any of the trustees in respect of the period.
||**RESOURCES**
**EXPENDED**|**UNREST**
**(£)**|**REST**
**(£)**|**Total**
**Funds**
**2021 (£)**|Total Funds
2020 (£)|
|---|---|---|---|---|---|
|**8**|**Costs of generating funds**|||||
||Repairs & Renewal|**50,531**|
**-**|**50,531**|34,604|
||Cleaning & Sanitation|**561**|
**-**|**561**|200|
||Council tax|**1,794**|
**-**|**1,794**|21|
||Heating & Lighting|**242**|
**-**|**242**|657|
||Insurance|**986**|**- **|**986**|720|
|||**54,114**|**- **|**54,114**|36,202|
14
## LIVERPOOL MUSLIM SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021
|**RESOURCES EXPENDED**
**9 Charitable Activities**
Humanitarian Appeal
Hardship Relief
Wages and Salaries
Subscriptions
Volunteers' Expenses
Zakat & Eid Gifts
Volunteers' Expenses Maddressah
Food & Serving Materials for Iftar
Heating & Lighting
Repairs & Renewals
Professional & Legal
Education & Daawah
Printing and Stationery
Insurance
Business & Water Rates
Council tax
Cleaning & Sanitation
Bank Service Charges
Sundries
Telephone & Internet
Bad Debts
Depreciation
Funeral Services
**TOTAL EXPENDED**
**RESOURCES**|**UNREST**
**(£)**
**REST**
**(£)**
**Total Funds**
**2021 (£)**
Total Funds
2020 (£)
**- 10,572**
**10,572**
35,372
**-**
**1,450**
**1,450**
2,815
**5,550**
**-**
**5,550**
74,436
**622**
**-**
**622**
1,199
**5,569**
**-**
**5,569**
9,680
**-**
**6,954**
**6,954**
18,430
**-**
**3,540**
**3,540**
**-**
**-**
**-**
2,804
**4,684**
**-**
**4,684**
5,883
**9,577**
**-**
**9,577**
19,981
**1,244**
**-**
**1,244**
2,678
**-**
**1,880**
**1,880**
-
**1,860**
**-**
**1,860**
3,570
**4,508**
**-**
**4,508**
4,907
**-**
**-**
**-**
5,544
**-**
**-**
**-**
118
**1,902**
**-**
**1,902**
3,612
**1,329**
**-**
**1,329**
1,686
**2,005**
**-**
**2,005**
1,323
**715**
**-**
**715**
1,531
**17,225**
**-**
**17,225**
7,800
**40,887**
**- **
**40,887**
6,905
**- **
**50,268**
**50,268**
-
**97,677**
**74,664**
**172,341**
210,274
**151,791**
**74,664**
**226,455**
246,476|
|---|---|
15
## LIVERPOOL MUSLIM SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021
|**10**
**TANGIBLE FIXED**
**ASSETS**
**Properties**
**Portacabin**
**Books & Ref**
**Materials**
**Equipment**
**Fixtures &**
**Fittings**
**COSTS**
**£**
**£**
**£**
**£**
**At 1st April 2020**
**1,689,944**
**15,813**
**1,362**
**203,671**
**Donations of Quran**
**and Islamic Books**
**-**
**-**
**10,000**
**-**
**At 31st March 2021**
**1,689,944**
**15,813**
**11,362**
**203,671**
**DEPRECIATION**
**At 1St April 2020**
**-**
**10,300**
**953**
**178,789**
**Charge for the year**
**33,799**
**551**
**1,561**
**4,976**
**At 31st March 2021**
**33,799**
**10,851**
**2,514**
**183,765**
**NET BOOK VALUE**
**At 31st March 2021**
**1,656,145**
**4,962**
**8,848**
**19,906**
**At 31st March 2020**
**1,689,944**
**5,513**
**409**
**24,882**
**2021**
**11**
**DEBTORS**
**£**
Sundry Debtors
**8,382**
Prepayments
**1,321**
**9,703**
**2021**
**12**
**CREDITORS**
**£**
Amount falling due within one year
Salaries & Wages
**2,525**
Sundry Creditors
**17,074**
Accruals
**-**
**19,599**|**Total**
**£**
**1,910,790**
**10,000**
**1,920,790**
**190,042**
**40,887**
**230,929**
**1,689,861**
**1,720,748**
2020
£
20,449
3,578
24,027
2020
£
1,459
22,575
473
24,507|
|---|---|
## **13 TAXATION**
No provision for taxation has been made as the Society is a registered charity.
## **14 GENERAL FUND**
As the Charity is an un-incorporated entity, the liabilities of trustees are unlimited.
16