REGISTERED CHARITY NUMBER: 518584
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2021
FOR
THE PRESTON MUSLIM CULTURAL CENTRE
SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU
THE PRESTON MUSLIM CULTURAL CENTRE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 | to | 13 |
THE PRESTON MUSLIM CULTURAL CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 1 APRIL 2021
The trustees present their report with the financial statements of the charity for the year ended 1 April 2021. 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Centre is established to advance the religion of Islam in accordance with the doctrine and beliefs of the Gujarati Indian sect of Sunni Muslims believing in Tablighi Jamat and in furtherance thereof but not otherwise to promote cultural and Islamic educational activities for such persons residing in the Broadgate area of Preston, and to provide a facility for religious and associated ceremonies.
Significant activities
We want to make our mosque an accessible and welcoming venue where all muslims, or those who wish to know more about our faith, can gather together to learn about their religion and worship. The mosque is open at all times with daily prayers, the Friday prayers being a focus of our activities.
An important part of our strategy is community welfare and education. All our community facilities and activities including classes, health initiatives and seminars are advertised and we welcome the participation of all in our local community, Muslim and non-Muslim alike. Most of our activities are free and supported by donations.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity's main objective is to provide a place of worship, and to promote Islamic education and training.
The charity provides facilities for the public to conduct daily prayers, and continually strives to improve on this through the support and donations received by those individuals that use the facilities.
Achievements and Performance
How our activities deliver public benefit
The charity carries out a wide range of activities in pursuance of its charitable aims. The trustees consider that these activities, summarised below, provide benefit to those who worship at our place of worship.
Religious Activities
Our Mosque provides a centre for our prayers and worship and for the activities associated with our faith. During the year under review, we offered a range of religious services and activities including:
Prayers: The place of worship within the charities building is open for all daily and Friday prayers. During the week we have over 25 people who regularly attend daily prayers and over 150 who regularly Friday prayer. Festivals: The charity provides facilities in terms of sermon, literature and place of worship on those special occasions. Funeral Facilities: The charity provides a complete funeral service in line with the teachings of Islam. We relieve the deceased's bereaved relatives of the burden of organising burials. We also hold special classes to teach people how to proceed with Islami c burial procedures.
Civil Marriage and Nikkah: The Mosque provides Muslim couples with an appropriate location for their both civil marriage and Nikkah (Islam ic marriage). .
Hifz Classes: Memorisation of the Quran is considered an important element of religious education and training. We continue to provide this facility for the all young people in the charities buildings.
Evening classes: Classes are offered to children to learn about the basic fundamental of Islam.
Islamic Awareness: This year we have launched a series of lectures, open to all, to promote Islamic knowledge and awareness.
Inter-faith Dialogue: The charity is an active member of the Faith Communities Forum for the Local area. We use this platform to promote i nter-faith dialogue and social cohesion.
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THE PRESTON MUSLIM CULTURAL CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 1 APRIL 2021
ACHIEVEMENT AND PERFORMANCE
Community activities
Currently we are undertaking the following activities:
-
Seminars - organised periodically on various educational topics.
-
Courses - short courses are held to take an in depth look at topics covered in seminars.
-
Evening School - for children aged 5-12 years old, teaching basic Islamic Studies.
-
Consultancy - offering advice to local schools and service providers.
FINANCIAL REVIEW
Reserves policy
It is the policy of the charity to maintain unrestricted funds at a level which equate to approximately 12 months unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs.
FUTURE PLANS
We plan to consolidate our current success and make our services available to a wider range of people. The charity is presently in the process of renovating new premises so that the charity can undertake further projects.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The Preston Muslim Cultural Centre is a registered UK Charity constituted on 13 April 1986 as amended on 20 February 1987 under charity number 518584. It is an unincorporated charity. The governing document is a Trust Deed.
Recruitment and appointment of new trustees
The trustees have the power to appoint any person to be a trustee in accordance with the provisions of the Trust Deed. An appointed trustee holds office within the limits permitted by law.
Risk management
The trustees actively review the major risk which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
518584
Principal address
21 Fishergate Hill Preston Lancashire PR1 8JP
Trustees
F Hassanjee I Razakazi A Dala I Timol A R Dadabhoy Z Lockat S Aswat
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THE PRESTON MUSLIM CULTURAL CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 1 APRIL 2021
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 22 October 2021 and signed on its behalf by:
F Hassanjee - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PRESTON MUSLIM CULTURAL CENTRE
Independent examiner's report to the trustees of The Preston Muslim Cultural Centre
I report to the charity trustees on my examination of the accounts of The Preston Muslim Cultural Centre (the Trust) for the year ended 1 April 2021.
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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.
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 ICAEW SKM Chartered Accountants Pegasus House 5 Winckley Court Mount Street Preston Lancashire PR1 8BU
22 October 2021
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THE PRESTON MUSLIM CULTURAL CENTRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1 APRIL 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Investment income 2 Other income Total EXPENDITURE ON Charitable activities 3 Management & Administration NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2021 Unrestricted fund £ 200,930 49,655 16,842 267,427 98,675 168,752 2,136,030 2,304,782 |
2020 Total funds £ 198,316 45,969 - |
|---|---|---|
| 244,285 65,148 |
||
| 179,137 1,956,893 |
||
| 2,136,030 |
The notes form part of these financial statements
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THE PRESTON MUSLIM CULTURAL CENTRE
BALANCE SHEET 1 APRIL 2021
| Notes FIXED ASSETS Tangible assets 7 CURRENT ASSETS Debtors 8 Cash at bank and in hand CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS |
2021 Unrestricted fund £ 2,339,309 1,299 250,945 252,244 (286,771) (34,527) 2,304,782 2,304,782 2,304,782 2,304,782 |
2020 Total funds £ 1,999,349 3,212 353,973 357,185 (220,504) 136,681 2,136,030 2,136,030 2,136,030 2,136,030 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 22 October 2021 and were signed on its behalf by:
F Hassanjee - Trustee
The notes form part of these financial statements
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THE PRESTON MUSLIM CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 APRIL 2021
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.
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
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
Land and property is not depreciated. Buildings are maintained to ensure that their value does not diminish over time. The maintenance costs are charged to profit and loss in the year incurred. In the trustees opinion, depreciation would be immaterial and has not been charged.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is shorter.
Sports Equipment - 15% on reducing balance Fixtures and fittings - 15% on 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.
continued...
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THE PRESTON MUSLIM CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 1 APRIL 2021
2. INVESTMENT INCOME
| Rents received Bank interest |
2021 £ 49,576 79 49,655 |
2020 £ 45,294 675 |
|---|---|---|
| 45,969 |
3. CHARITABLE ACTIVITIES COSTS
Management & Administration
| Direct | Support | |
|---|---|---|
| Costs | costs | Totals |
| £ | £ | £ |
| 97,291 | 1,384 | 98,675 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 1 April 2021 nor for the year ended 1 April 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 1 April 2021 nor for the year ended 1 April 2020.
5. 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 Investment income Total EXPENDITURE ON Charitable activities Management & Administration NET INCOME |
2021 3 |
2020 3 Unrestricted fund £ 198,316 45,969 |
|---|---|---|
| 244,285 65,148 |
||
| 179,137 |
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
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THE PRESTON MUSLIM CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 1 APRIL 2021
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS COST At 2 April 2020 Additions At 1 April 2021 DEPRECIATION At 2 April 2020 Charge for year At 1 April 2021 NET BOOK VALUE At 1 April 2021 At 1 April 2020 COST At 2 April 2020 Additions At 1 April 2021 DEPRECIATION At 2 April 2020 Charge for year At 1 April 2021 NET BOOK VALUE At 1 April 2021 At 1 April 2020 |
Freehold property £ 1,647,359 340,420 1,987,779 - - - 1,987,779 1,647,359 Fixtures and fittings £ 1,263 - 1,263 858 61 919 344 405 |
Improvements to property £ 348,927 - 348,927 - - - 348,927 348,927 Computer equipment £ 2,880 - 2,880 799 312 1,111 1,769 2,081 |
Unrestricted fund £ 1,956,893 |
|
|---|---|---|---|---|
| 2,136,030 | ||||
| Sports Equipment £ 1,800 - 1,800 1,223 87 1,310 490 577 Totals £ 2,002,229 340,420 2,342,649 2,880 460 3,340 2,339,309 1,999,349 |
||||
7. TANGIBLE FIXED ASSETS
continued...
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THE PRESTON MUSLIM CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 1 APRIL 2021
| 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Other liabilities and accruals Other creditors 10. MOVEMENT IN FUNDS At 2/4/20 £ Unrestricted funds General fund 2,136,030 TOTAL FUNDS 2,136,030 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 267,427 TOTAL FUNDS 267,427 Comparatives for movement in funds At 2/4/19 £ Unrestricted funds General fund 1,956,893 TOTAL FUNDS 1,956,893 |
2021 £ 1,299 2021 £ 14,900 (21) 271,892 - 286,771 Net movement in funds £ 168,752 168,752 Resources expended £ (98,675) (98,675) Net movement in funds £ 179,137 179,137 |
2020 £ 3,212 2020 £ 638 88 219,700 78 220,504 At 1/4/21 £ 2,304,782 2,304,782 Movement in funds £ 168,752 168,752 At 1/4/20 £ 2,136,030 2,136,030 |
|
|---|---|---|---|
continued...
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THE PRESTON MUSLIM CULTURAL CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 1 APRIL 2021
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 244,285 244,285 |
Resources Movement expended in funds £ £ (65,148) 179,137 (65,148) 179,137 |
Resources Movement expended in funds £ £ (65,148) 179,137 (65,148) 179,137 |
|---|---|---|---|
| 179,137 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 2/4/19 £ 1,956,893 1,956,893 |
Net movement in funds £ 347,889 347,889 |
At 1/4/21 £ 2,304,782 |
|---|---|---|---|
| 2,304,782 |
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 £ 511,712 511,712 |
Resources Movement expended in funds £ £ (163,823) 347,889 (163,823) 347,889 |
Resources Movement expended in funds £ £ (163,823) 347,889 (163,823) 347,889 |
|---|---|---|---|
| 347,889 |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 1 April 2021.
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THE PRESTON MUSLIM CULTURAL CENTRE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1 APRIL 2021
| INCOME AND ENDOWMENTS Donations and legacies Voluntary income Donations Gift aid Membership fees Marriage fees Investment income Rents received Bank interest Other income Sundry Receipts Total incoming resources EXPENDITURE Charitable activities Wages Pensions Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Gifts Books Cleaning Repairs and Maintenance Travel and subsistence Donations Sports Equipment Fixtures and fittings Computer equipment Support costs Finance Bank charges |
2021 £ 1 164,986 28,201 7,565 177 200,930 49,576 79 49,655 16,842 267,427 29,149 44 1,099 7,031 13,702 757 359 1 200 265 768 5,506 725 37,225 87 61 312 97,291 449 |
2020 £ - 190,591 - 7,725 - |
|---|---|---|
| 198,316 45,294 675 |
||
| 45,969 - |
||
| 244,285 30,318 200 2,607 2,467 13,944 811 567 15 - 1,105 64 10,457 413 675 102 71 367 |
||
| 64,183 30 |
This page does not form part of the statutory financial statements
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THE PRESTON MUSLIM CULTURAL CENTRE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1 APRIL 2021
| Finance Governance costs Accountancy Legal and professional fees Total resources expended Net income |
2021 £ 900 35 935 98,675 168,752 |
2020 £ 900 35 |
|---|---|---|
| 935 | ||
| 65,148 | ||
| 179,137 |
This page does not form part of the statutory financial statements
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