2021-03-31-accounts - The 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

Yusuf Abadmohmed Ghodiwala	Yusuf Abadmohmed Ghodiwala
Mustak Moharned Patel
lshmail Abbas Bax
Muhammed Hanif Omar
Mustak Mohamed Patel
Mustak Mohamed Patel
llyas Patel (Accountants)	Limited
Chartered Certified Accountants
Solomon House, Belgrave	Court
Fulwood
Preston
Lancashire
PR2 9PL

		The Preston	The Preston	The Preston	Muslim Society	Muslim Society	Muslim Society	- Quwwatul Islam	Masjid	Charity	No
										any)		700936
							Annual accounts		for the	eriod			CC~7a
		Period		start date				01/04/2020	To	Period	end date	31/03/2021
o s
~
									Restricted
Recommended			Details ofown					Unrestricted	income	Endowment		Total this	Total last
categories by activity				analysis			z	funds	funds	funds		year	year
												F
Incoming resources (Note 3 Incoming resources from								F01	F02	F03		F04	F05
generated funds
VoIuniary income								455,928				455,928	473,636
Activities for generating funds
Investment income
incoming resources from
charitable activities				Gift Aid
Other incoming resources								12,635				12635
Totalincoming resources							sos	468563				468563	473	636
Resources expended	(Notes		4-8
Costs of Generating Funds
Costs ofgenerating voluntary income							S07	337,893				337,893	361,808
Fundraising trading costs
							SOB
Investment management costs
Charitable activities							S10	62,861				62,861		300
Governance costs							S11	2859				2859	5,343
Other resources expended							S12
Total resources expended							s13	403613				403613	367,451
Netincomingl(outgoing)			resources			before
					transfers		s14	64950				64,950	106,185
Gross transfers between		funds					S15
Net incomingl(outgoing)	resources before					other
recognised				gains/(losses)			s15	64950				64,950	106	185
Other recognised gains/(losses)
Gains and losses on revaluation			of	fixed	assets
for the charity's own use							S17
Funds Transferred ToThe Preston Society Charity Number 1158609					Muslim		S18	43,645				43,645	3,373,752
Net movement			in fundsin			year	s19	108595				108595	3,267	567
Total funds brought forward							S20	154283				154283	3,421,850
Total	funds		carried		forward		s21	262 878				262,878	154,283

Note 2			Accounting policies	Accounting policies	Accounting policies
This standard list of		accounting			policies has been applied by the charity except lbr those deleted. Where a different		or
additional policy has		been adopted then this is detailedin 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 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 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
Gifts in kind					Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the actually realised.		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 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 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 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 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, orper
					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	resources may	be furt	her analy	sedif this would h	elp the rea	der ofthe accou	nts.
							This year	Last year
				Anal	sis			f.
Voluntary	income		Annual	Donations
			Jumma	Lillah Donations
			Nikhah	Donations
			Standing	Order Donations
			Nursery	Income			455,928	473,636
						Total	455,928	473636
Activities	for generating	funds	Income	from UK investment	properties
						Total
Investment	income		Bank interest receivable
						Total
Incoming	resources from		HMRC Gift Aid
charitable	activities
						Total
Other Income Resources			Grant from Government				12,635
						Total	12635
						Total Income	468,563	473,636

								This year	Last year
						Anal sis
		Nurser	-	Purchases	and	direct costs		12,685	22 062
		Nurser	-	Staff costs				215579	221,555
		Nursery	-	Utilities				4,821	6750
		Nurser	-	Rent				96,663	100,000
		Nurser	-	Re airs &maintenance				3218	7308
		Nurser	-	Tele hone				742	796
		Nurser	-	Other office costs				2383	1 447
		Nurser	-	Insurance				1,796	1,887
		Nurser	-	Other
							Total	337893	361808
Fundraising	trading
costs
							Total
Investment
management	costs
							Total
		Donations		-Save our	world			62650
		Nurser	-	Other Donations				211	300
							Total	62 861	300
		Nurser	-	Accountanc				2 163	938
		Nurser	-	Le al &Professional				696	4405
							Total	2,859	5343
							Total Costs	403613	367451

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

provided b box(es).	y your indepe	ndent examiner orau	ditor. If	noth	ing was paid p	lease enter NONEin	the appropriate
						This year	Last year f
Independent	examiner's	or auditors' fees for	reporting	on	the
accounts						2163	938
Other fees	(for example:	advice, consultancy,	accountancy		services)
paid to the	independent	examiner or auditor

es u nts	nder	take	n.
							Grants to		Grants to
							institutions		individuals
Pur	ose	for	which	rants	made		Total amount	R	Total amount	K
						Total

Note 9	Tangible fixed assets	Tangible fixed assets	Tangible fixed assets
Please complete this note		if	the charity has any tangible fixed		assets
9.1Cost orvaluation
				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
Additions
Revaluations
Transferred ToThe Preston		Muslim Society
Charity Number 1158609
Balance carried forward
9.2Accumulated depreciation			and impairment	provisions
			Basis	SLor RB	SLor RB	RB		RB	SLor RB
			Rate			25%		25%
Balance brought forward
Depreciation charge for	year
Impairment provisions
Revaluations
Transferred ToThe Preston		Muslim Society
Charity Number 1158609
Balance carried forward
9.3 Net book value
Brought forward
Carried forward

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

Analysis	ofinvestments	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
Other investments

Please complete this note ift	Please complete this note ift	he charity has any	debtors or	re a me	nts.	nts.
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				14	521		14753
Prepayments	and accrued income				300
			Total	14,821			14,753

				Amounts	falling due	falling due	within	Amounts	falling due after
					one year			more than	one year
				This year f		Last year f		This year f	Last year f
Loans and overdrafts
Trade creditors					331		357
Amounts	due to subsidiary	and associated	undertakings
Other creditors							2,880
Accruals	and deferred income			101,155			900
			Total	101,486			4,137

~	restricted inc	ome funds, includin	g special trusts, ofthe charity (R).
	Fund Name	Type PE, EE orR	Purpose and Restrictions
Education	Centre	PE	For Building 8 Development of Education Centre

			Fund					Fund
			balances					balances
			brought	Incoming	Outgoing		Gains and	carried
			forward	resources	resources	Transfers	losses	forward
Fund names
New Buildin	Fund
Education Centre
		Total Funds

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

		Last year owing
		f,
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